CO129-359 - Governor Sir Lugard - 1909 [12] — Page 479

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waiving of the crown rent by the Colony. If the

Colony is now credited with the capitalized value,

defence fund will be permanently reduced by that

amount.

the

4.

On the supposition that, when the lease is

sold, the War Department should give up possession

without obtaining a credit in the account for the Crown

rent, the land in use for military purposes would be

diminished, but the account not correspondingly

augmented. On the other hand, if the War Department

subsequently required this land and re-purchased the

then balance of the lease, the Colony would, in

accordance with the practice now in force, be credited

in the account with the capitalized value of the Crown

The net result of the two transactions would

be that while the land in use for military purposes

remained the same, the credit to the War Department in

the account would be permanently diminished by the

amount of the Crown rent capitalized.

rent.

5. In view of the further explanation now

afforded, it is anticipated that the Earl of Crewe

will be able to agree that, if in the future the lease

of the Spring Gardens property is sold by this

Department and the Crown rent re-imposed on the

purchaser by the Colony, the Colony should credit the

War

4