Sessional_Paper_1887-1888 — Page 361

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opposite the Sailors' Home, and the Wharf and Godown Company's extension, will comprise 57 acres and 3 roods of which 264 acres will become the property of the marine lot-owners, and 5 acres the property of the Government, while 26 acres will be reserved for roads and streets. The present market value of the 26 acres of building sites to be assigned to the lot-owners appraised at current rates comes to $7,910,821. (See Returns Nos. 2-3) while their outlay in reclamation works will be only $2,146,228 showing a net profit to be obtained by them of $5,764,593.

13. The 5 acres of building sites which will fall to Government and which are shewn tinted yellow on the General Plan will, (exclusive of the Sailors' Home reclamation already appropriated to the proposed new Western Market) represent a minimum value of $1,441,587. (See Return No. 5.) Some of these Government building-sites can be sold and others utilized for the more urgently needed new public buildings, such as a new Supreme Court, a new Post Office, a new Harbour Master's Office, and a new Fish-Market as an adjunct to the Central Market. If accommodated on the embankment, all these new public buildings may be erected practically at little or no cost to the Government, for in each case the expense of erection will be covered or nearly covered by the proceeds of the sale of the present old sites of the Supreme Court, Post Office, and the Harbour Office.

14. You will notice some difference between the figures given in this letter in respect of areas and estimates, and those contained in my first Report of the 18th of July, 1887. The present figures are the correct ones, because they are based on the detailed information more recently obtained, and because the design has undergone some modifications since its first inception.

15. The shape of the reclamation at its western terminus has now been changed, and the proposed new sea-wall is shown as running into the present old wall, in such manner as will preclude further objection from the marine lot-owners at the West End.

I have the honour to be,

Sir,

Your obedient Servant,

The Honourable F. STEWART, LL.D.,

Colonial Secretary.

RETURN No. 1.

J. M. PRICE.

Surveyor General,

SCHEDULE OF AREAS AND ESTIMATED COSTS OF THE PORTIONS OF RECLAMATION TO BE

ASSIGNED TO THE MARINE LOT-OWNERS AND TO BE PAID FOR BY THEM.

1

No. of Section.

Area of proposed Reclamation.

1,

............ 197,707 Square feet,..

Amount of Cost exclusive of Government Reclamation.

.$ 374,232.....

Rate per Square foot which the Reclamation will cost to carry out.

.$1.89

2,

114,080

310,854..

2.72

$5

3,

197,865

315,238...

1.73

50,605

153,044..

3.02

5,

....... 155,021

270,690.

1.74

55

6,

240,233

440,315.

1.83

وو

7,

185,033

,!

251,860...

1.36

Totals.......1,140,544 Square feet.

$2,146,228