CO129-398 - Individuals - 1912 — Page 155

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no doubt be submitted to you in due course by the 0.A.G. and as I have not the papers with me I am unable to quote the precise figures. Roughly speaking Government would acquire the whole of the lots south of Salisbury Road and east of Holt's with the exception of a strip front- ing Salisbury Road, and would give in exchange the re- cently purchased land to the north of Salisbury Road together with the Police Camber and a sum of nearly 4 lakhs. It appeared to me that in this exchange the probable auction values had merely been inserted, and insufficient account taken of the very great benefit which would accrue to the allied Companies, viz: the T. & G., the Land Reclamation, and the Star Ferry. Some of the principal of these are as follows:-

(a) The acquisition of a siding entering the proper- ty of the first named Company from the south and running along the sea face instead of approaching the property at right angles, necessitating a turn table for trucks is a matter of the very firat importance if the freight supplied by the Company should increase as anticipated.

(b) This Company also acquires the Police Camber

a block which at present cuts their property in two, and which they have long desired to obtain.

(c) The Land Reclamation complain that the line enclosed by fencing which now runs along Salisbury Road has very greatly detracted from the value of their pro- perty. I am not disposed to deny this but it was under- stood that they agreed to its location provided a clear 40 feet was left in front of their lots, and they, there- fore, have now no loous standi in objecting. By hand- ing over their lote to Government and by the transfer of

ge lots

the line to them, this objection will disappear, and the

(2)