7
563
・
ban well afford to pay liberally for the relief. I do not propose to reply at length in this letter to the points discussed in the letter of Mr. Ordish to the Commodore or in the Commodore's Remarks to the Vice Admiral. These are under consideration and will be dealt with in an early communication in accordance with His Excellency's request. I desire to submit now for his consideration some further information and some remarks in connection with the Memorandum sent in by the Acting Director of Public Works.
In my letter of the 2nd May I estimated the quantity of land to be acquired by the Colony in the centre of Victoria by the removal of the present Naval Yard at 980,200 square feet and its value, after deducting the cost of filling in &c, at $6 per square foot or $5,881,200. Mr. Chatham does not question the correctness of this estimate as to the area, but he disputes the value. He calls attention to the fact that the area given by me is the gross area and that, allowing for roads, streets &c, only 50% of that will be saleable. He is further of opinion that $8 a foot might be realized by the sale of the building land but not in addition to the cost of reclamation. In other words he puts the saleable area as 490,000 square feet and the net profits to the Colony as only $3,910,600, estimating the sale price as $8 a square foot out of which has to be paid the cost of reclamation for 525,000 square feet at $3.2 a foot. As the probable value of this land to the Colony is by far the most important point in connection with the scheme and the one on which, probably, the entire question will ultimately be decided by the Secretary of State for the Colonies. I have now the honor to forward for the consideration of His Excellency the Governor and of the Secretary of State, an enlarged plan of the ground now occupied by the Naval establishments, plus what remains to be reclaimed to be filled in to the line of the proposed new Praya, as it will be laid
(2)
Page 564 appears to be missing, but the text continues on the next available page.
7
563
・
ban well afford to pay liberrily for the relief. I do not
pose to reply at length-in tais letter to the poluts discussed In the latter of #r. Ordish to the Commodore or in the Commodores
Rematch to the Vice Admiral. These are under consideration and
will be dealt with in an early communication in accordance with
(His Excellency's request. I desire to sabait now for his
fconsideratior some further informatico and some remarks in
connection with the Memorandua sent in by the Acting Director of
Public Jorks.
In my letter of the 2nd. Hey I estimated the quantity For land to be acquibed by the Colony in the centre of Victoria
by the removal of the present Neval Tard at 980,200. square feet
and its value, after deducting the cost of filling in &c, at $6.
Je square foot or 85,731,200. Mr. Chattam does not question the
correctness of this estimate as to the area, but he disputes the
velua. He calls attention to the fact that the area given by me
is the gross area and that, allowing for roads, streets &c, only
50% of that will be saleable. Re is further of opinion that $8.
a foot might be realized by the sale of the building land but not
in addition to the cost of reclamation. In other words he puts
the saleable area as 430,000.square feet and the net profits to
(the Colony as only 31,910,600. estimating the sale price as $6.
a square foot out of which has to be paid the cost of reclamation
jot 525,000. square fect at $32. a foot. As the probable value of
this land to the Colony is by far the most important point in
connection with the scheme and the one on which, probably, the
satire question will ultimately be decided by the Secretary of
Suete for the Colonies. I have now the honor t forward for the
consideration of His Excellency the Governor and of the Secretary
of State, an enlarged plan of the ground now occupied by the
Javal establishments, plus what remains to be reclaimed to be
filled in to the line of the proposed new praya, as it will be
(2)
laid
ཝཾ བྷwawalki% *MWil%{*****ILt&%"-2W&#&}j*d=%Zh+ww+Au«¥+4%k# ཨ་ཡཱཐ༥T 494241!LI*
No comments yet.
Private notes are available after approval.