CO129-389 - Governor Sir Lugard Acting Governor Claud Severn - 1912 [3-4] — Page 150

143

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Jaomis jadt toat edt bas,baal to Jaoo Jeena and v# .(a)

ode to bna džuon sið da maitaqueso di Ybaetis now fi to (Is

.sivantneq

lots to westward of Holts' for nearly the whole of the bots acquired by Government to the north of Salisbury Road, together with the Police Camber, and a considerable strip along the south side of Salisbury Road, with the addition of a sum of about four

lakhs, and also a large area of Crown Land north of Salisbury Road and between Canton and Hankow Roads, the whole valued at $1,350,199. I requested Messrs. Pollock and Murray Stewart to

negociate as to this offer, and they have reported to me, that they are unable to obtain very substantially better terms than

those offered, which on the whole as amended they consider not

unreasonable. They are strongly of opinion that these lots

should be acquired for the Station and feared that unless

Government came to an early decision the opportunity might be

lost. They however considered that if it were possible to pro-

vide the money it would be much the best for Government to pur-

chase the lots in question without making any exchanges. It is

anticipated that the owners would be willing to sell for a sum

of $1,472,389.53 if the Police Camber is also given to them

(valued at $287,083.60). Mr. Chatham agreed with their view,

and I am myself inclined to concur also, since it is admitted

that the values asked are not excessive, and the land we own w

will probably increase in value. The proposals compare thus.

(Omitting the Camber common to both).

A.

Proposal to exchange land

Value of land $1,039,771.25 † $432,618.28

(being the approximate excess in value of

the areas obtained by Government over the areas relinguished by Government).

$1,472,389.53

mojim sát Juods xlladeb odal og eneɗ ten IIiw I

ajnomimis nɗê no beof vroɗnilab to derGH SAGATISVon yď berlupas

bas odt tædt betaennia osade vitae na ja bad I

osit to bao dituos edỡ da udaï quisa't adt ad blưow ojia Jeed

berlupsa oď tom hivos vedð farið blot maw I Jud

B. Proposal to purchase land for cash, no

exchange of land being made (except

Police Camber).

$1,472,389.53

.Jako svitididong a da iqeoxs

bas tedy odt dółw radtanod TOTOWOď

-19tni viqoob 91ew modw to IIs v197 nath and bas ynaqmo) mwobo?

orld Ils ennerfoxe of rotto na 1}łw biswrot saso gilanit bejas

E

,"ismwo art

Assuming that B is decided upon can it be

financed?

I am wholly averse from adding to the Colony's Loan

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