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yourself with regard to the losses you sustained in connection with the reclamation in front of your Marine Lot No. 184. I am to enquire whether you desire to add, for the consideration of His Excellency, any statement of these claims to those contained in the Petition of Right dated 13th September, 1901, and its Appendices, the Petition dated 13th May, 1903, and its Appendices, the letter from yourself and Mr. Howard addressed to Sir Kenelm Digby, dated 5th September, 1903, and Mr. Howard's letters of 16th March, 1904, 16th July, 1904, and 1st August, 1904, addressed to the Under Secretary of State.

A 13.

I have &c.,

(Sd.)

F. H. MAY,

Colonial Secretary.

His Excellency the Governor's Memorandum.

MEMORANDUM OF STATEMENTS OF LOSSES INCURRED IN CONNECTION WITH MARINE LOT No. 184.

1. In the Petition of Right presented on the 13th September, 1901, the loss suffered by Messrs. Stephens and Howard was stated to be $171,808, not including any consequential losses in connection with their business of lending money on goods, etc.

This loss was calculated as follows:-

Nett income from rentals received in year 1895 capitalized at 6 % according to valuation made by Messrs. Leigh & Orange on 28th December, 1898, .....

.$256,666

Less sum received for land and buildings on 30th

September, 1899,

111,000

Loss in actual value of property,

146,666

Loss of Rents from 1st January, 1896, to 10th October, 1899, according to valuation made by Messrs. Leigh & Orange on 28th Decem- ber, 1898,

Total,

25,142

..$171,808

2. In the Petition presented on the 13th May, 1903, the loss suffered by Messrs. Stephens and Howard was stated to be upwards of $165,142, the estimate being based on the same date as that embodied in the previous Petition of Right.

3. In a letter addressed on the 5th September, 1903, by Messrs. Stephens and Howard to Sir Kenelm E. Digby "the losses upon what have ben recognised as proper subjects of claim" are stated to be $197,142, this figure being arrived at in the same way as the amount given in the Petition of Right, but with an addition on account of compulsory sale of approximately 10% to the capitalized income from which the loss was deduced.

4. In paragraphs 8 and 9 of a letter addressed on the 16th March, 1904, by Mr. Howard to the Under Secretary of State for the Colonies, it was stated that on the 3rd May, 1888, an offer of $200,000 had been made for Marine Lot 184 on which the Buildings had cost $36,000, thus giving the value of the land before deprecia-