THE NAVAL ESTIMATES.

Taranaki Daily News, Volume XXXXV, Issue 162, 13 July 1903, Page 3

THE NAVAL ESTIMATES.

- COST OF THE ROSYTH BASE. Per Press Association. Received 11, 4.57 p.m. London, July 11, I In l the Commons, Mr Bu ;hi;mn moved the rejection of the expenditure on the naval works because the total es'imate for the new naval biFe at Rosyth was not disclosed, bu s .. the amendment was negatived by 164 to 73.Che second reading of the Naval Works Bill was agreed to, Duiing the debate Mr Robertson, member for Dundee, said, regarding cbe Kosyth site, that the Muquis of Linlithgow was receiving £127,000 for land which was producing only £I6OO ; per annum in rents, and this price was 2j times i s market value. Mr Gibson Bo wles said it was equivalent to nearly 80 years purchaseMr Piebyman, Civil Lvd of the Admi alty, siid the Admiralty had engaged two experienced valuers in Scotland, and the vendor also had a valuer. The Admiralty's value was £7OOO below the vendor's. Lord Linlithgow was unwilling to sell land which for three centuries had been in the family, md was opposite his res'dsncp, but became wi ling to do so on learning what it was required for. tho bargain was fair in vi w of the increasing value of land near Edinburgh. For the Crown to exercise compulsion would be more coetly, as it was custonjiry to pay thirty years purchase, plus fifty per oent, for land resumed cqnopulsorily,'