CO129-300 - Administrator Major Gen Gascoigne Governor Sir Blake - 1900 [7-9] — Page 439

the difference would be nearly $216,620

435

which repres-

80 88640 100 364

ents the capital of a yearly rental of or a Crown rent of $288 an acre, so that the Crown

rent would have to be increased to $ 488 an acre.

I notice that Harland and Walff of Belfast have recently buen granted a lease of some ground for extension of their works at £80 and £60 an acre for 31 years, without apparently eny premium and the ground is apparently hard ground and not under

water.

acre equal

In this case

استور

a crown rent of $300 an

£30

at 10 cents per square foot premium zuk z

$4556 per acre,or say £435 which mounted at 4%

Reclamation at 25 cents a suare foot

$10890 per acre or say £1089 which amount-

· ed

at 40 each.

the

£17

£45

Total. £90.

which might be expressed as the annual rental.Of

course in the above the cost if any of Harland and

in laying out the ground, but it is not mention-

Waler

ed as being a reclamation.

HOI.A.C.S.

F.H.M.

▾

- 20/3/900.

The Attorney General's minute set- tles the matter of any legal claim.ho¬everit appears on the papers that Mr. Ormsby has stated that after a conversation with me he was prepared to put up the land at 10 cents & square foot, and this statement has been telegraphed to London. I am anxious to avoid any wpleasantness in the matter if possible. I am there- as to the premium to be paid and also to modify my fore prepared to modify my view/es to the value of

the land so far as to reduce the value per square

foot