CO129-335 - Governor Nathan - 1906 [8-10] — Page 47

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rates of 50 cents per square foot premium and $500 per acre

Crown Rent. In assessing the former rate the Director of

Public Works took into consideration that the site had no

frontage upon any street, that it was not a possible one

for shops or dwellings and that very considerable expense

would be involved in adopting it for a Tramway station. As

regards Crown Rent Mr. Chatham considered that $500 per

acre per annum would be reasonable considering that that

for the Praya Reclamation lots was $800. No lots in the

immediate vicinity of Murray Battery have been sold in re-

cent years.

case,

3.

Assuming, as will probably prove to be the

when new plans now under preparation for the tramway

Lan

are deposited, that all the War Department required by the

Company falls within the boundaries of the Lower Terminus,

it is proposed that the War Department should be credited

#

in the Military Lands Account with the total amount of the

premium paid by the Company at the rate of 50 cents per

square foot for the area of War Department property taken

up.

I referred to the Law Officers the question

whether under the terms of paragraph 4 of the Circular of

December 1894, the War Department could properly also be

credited