CO129-319 - Governor Sir Blake - 1903 [10-11] — Page 533

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COPY.

Enclosure 3.

Hon. Colonial Secretary,

5,26

440521

Rech

A

REG 7 JLC J3

I understand that it is only the terms I

am asked to consider. The plan submitted is of too preliminary

a nature to admit of the scheme being criticized.

I would propose that the leases of the two

terminal stations should include the area occupied by the

Tramway lines and that those of the intermediate stations should be exclusive of the area occupied by the lines. The area occupi-

ed by the lines of tramway should be leased separately and should extend the full length between the two terminal stations.

As regards the Tramway itself, the area

occupied by it, assuming a width of 30 feet, will be about

130,500 S.F., or say, 3 acres. For the most part of the way the

area occupied would be unsaleable for any other purpose and its

value would therefore be small. The value to be placed upon any

favourable land for building purposes within the Public Gardens

is a difficult matter, it would not be granted for practical-

V

ly any other purpose than a tramway.

Taking the value of the land occupied by

the Tramway itself at .08. per S.E. ($1,806 per acre) tie

amount would be:-

Tramway line 3 acres @ $1,306

Lower Terminus say 2,000 5.F. @ .50.¢ Upper Terminus 18,000 S.F. @ .15.¢

$3,918 4,500

2,700

3 Intermediate Stations 6,000 S.F.@ .15.

900

Total say

$12,018.

As regards Crown Rent, I submit the follow-

ing:-

Tramway line 3 acres @ $100

$300

Lower Terminus .20 @ $500

100

Upper Terminus .40 @ $250

100

3 Intermediate Stations .14 @ $250

Total say..

35

$585.

21.8.03.

(Sd.) W. Chatham.