17

a—s

of 5-17 Sr cent ™ > ' >~ * let ' the rentals W ° uld brin 8 in a retura rth« h£d the'renr f ? m T eSt ,? d n the 6StateS that have been offered for selection. On the I vested [As m Z h , a f Ua ly l6t a P bringing in a return of 4 ' B P er cent - on *c amount a the time o 2 " T6t the 31st March has sillce been disposed of, the rentals at the time of writing are actually bringing m over 5 per cent, on the capital sunk m them. for th™T a 1 1 Y Payabl6 f ° r mtereSt ' calculated as for the 31st March, on the money raised toi the purchase of _these estates was £42,497 3s. 5d., as against a rental of £57 747 Maka^LT,tr iOn ° f , the railwa y or tram-line to give access to the limekilns on the whS Zwok nf 1 ln i^ a ,^ 6 P u UbliC W ° rks De P art ment, and is approaching completion ; Sni;tZLfhi^S g uft c o SsisrMa^h" 6611 ° OramenCed - A ° f £4 6 85 9s ' S. Pekcy Smith, TT nn wtt nt a i.- „• ■ Surveyor-General and Secretary for Crown Lands. -tlon. W. Hall-Jones, Acting Minister of Lands.

3—C, o.