CITY LEASEHOLDS.

New Zealand Herald, Volume XXV, Issue 9219, 23 November 1888, Page 6

CITY LEASEHOLDS.

THE APPLICATIONS TO THE CITY , COUNCIL. f REDUCTIONS OF RENT RECOM- ' MENDED. < At a meeting of tne City Council yesterday evening, the Finance Committee submitted ' © ( the following report: — j I.—Letter from Ambuijand English re en- ( dow .iient .easeii'jlds, Karangahape Road, ; your committee recommend that upon Messrs Ainoury ami Engiisa paying all rent due to l4tii Noveinoer, 1&>8, their rent be reduced ; to £06 per annum from that date for the first 20 years, and £132 per annum for the balance of term, provided tnat all buildings now upon . the property be Kept in thorough state of repair and handed over to the Council on determination of the lease without compensation. and that the buildings throughout the wnoie term be insured in some responsible omee, to be approved of by this Council, in Ijie name of tne Council, for a sum not less than £900, but at the expense of Messrs. Am bury and English. 2. Letter from Garrett Bros., re reduction rent Karangahape Road leases, 2. Your committee recommend that, as soon as the necessary deeds are prepared, and rent to date paid, Messrs. Garrett Brothers' rent be reduced to *.'3OO per annum from that date for the tirst 20 years, and £603 per annum for balance of term, provided that all buildings now upon the property be kept in thorougn state of repair, and to be handed over to this Council on determination of the lease without compensation; and that the buildings throughout the whole term be insured in some responsible otiice to be approved of ;>y this Council, in the name of tne Council, for a sum not less than t'4200, and plate-glass windows to full insurable value, out at the expense of Messrs. Garrett ' Brotners. 3. Petition from lessees, Market Reserve, Grey-street, re temporary reduction of rentals : Your committee recommend that a concession of 20 per cent, be allowed for a term or one year. Messrs. M. Browne, T. and H. Coolie, W. S. Lyell, Alfred Adams, and C. Henderson, are the lessees in ques- . tion. j Mr. Evans moved the adoption of the re- 1 port. The reductions proposed were upon the im : 0.m.-t as tuo-se ma le in the case of ' Messrs. Mason Brothers and others. I In answer to Mr. Atkin, the Mayor said j the report would nave to come up for con- 1 firmation in a fortnight. j Mr. Goldie seconded the adoption of the j report. When tne matter came up for con- j firm ition, councillors wouid have the power 1 to vary or altogether veto tho proposals i now marie. i Mr. Ck'AVTHHk said that if they were to i make reductions oi this kind because promines made by auctioneers nad not turned j out. correct, wje Council would get into a • frightful difficulty. _ | Tne report was adopted. It will come t before the Council for confirmation at their next meeting un Thursday week. 1 The following letter was received by the | Domain Board :— I In consideration of the great depression | now passim; over the Province of Auckland and New Zealand in general, I have the honour to ask a concession in the terms of the lease now existing oetvveen ourselves, , viz., tii.it of the gardens adjoining the cricke • ground. At the time of leasing from you, I had hoped to make a living out of the gardens, hut so many people nave left the 1 Elaue, ami money is no scarce, that we can ' ardly exist. The rent now being paid is £70 I JUs per annum, and if you could see your | way to reduce it to say £50 per annum, I should use every endeavour to carry on. J. rusting that I may receive your favourable oiisiiitiriitiot!, 1 remain, etc., Ah K.ung, The letter was referred to the Legal Committee. °