112
2591 of 1886.
4. The Government will thus acquire the whole of Lot 18, measuring 56,541 square feet for $335,016 plus 5,000 square feet taken from Crosby's Store Lot.
5. Of this 56,541 square feet, Government requires only 16,000 feet for the Market, and for the remaining 40,541 square feet it has an offer of $335,016, the same amount which it will have to pay for the whole lot, minus 5,000 feet, for which an exchange of an equivalent area of land is stipulated. Thus the Government will pay the P. & 0. Company with the money received from the purchaser of the 40,541 square fect, and will obtain 16,000 square feet in exchange for 5,000, and will thus gain 11,000 square feet of land adjacent to the Central Market for nothing.
6. If this transaction is completed, it is understood that Government will make public streets on the East and West sides of the Market, with gates therein. The Market will then be bounded by Public Streets on all four sides.
7. If the Executive Council approve of this proposal, I will telegraph to the Secretary of State at once, and ask for authority to carry out the arrangement, which must be concluded before Wednesday morning.
8. Upon the Members of the Executive Council agreeing, a meeting of Finance Committee should be summoned for Tuesday at 4 P.M. (after the Mail), and this Minute should be laid before it. If the Finance Committee agree as well as the Executive Council, I shall probably by that time have authority from the Secretary of State to close with the offer at once.
14th February, 1887.
W. H. MARSH.
The Acting Colonial Secretary informs the Council that the Executive Council unanimously approve of this transaction; and that a telegram has been received from the Secretary of State approving of the project.
After further explanation by the Surveyor General, the Committee are unanimously of opinion that the project should be approved and recommend the acquisition of Marine Lot 18 on the terms mentioned in the foregoing Minutes.
NEW WESTERN MARKET.
C.S.O. The Surveyor General, in accordance with instructions from His Excellency the Officer Administering the Government, lays upon the table the papers connected with the project for the reclamation of a site for a proposed new Western Market opposite the Sailors' Home, and after explaining that the cost of this work, which was $70,000, could be spread over two years and defrayed from moneys to be realised from the Crown Lands, he invited on behalf of His Excellency an expression of opinion from the Committee as to whether the project was one which they would recommend His Excellency to carry out.
The Committee are unanimously of opinion that the project should be approved, and recommend that it should be realised in the inanner suggested.
The Committee then adjourn sine die.
Read and confirmed this 18th day of February, 1887.
ARATHOON SETH,
Clerk of Councils,
FREDERICK STEWART,
Chairman.
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