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Thursday, 12 August 1926

No Further Business Sites This Year

Canberra, Sunday. - Regarding the statement in the Senate by the Minister for Home and Territories (Senator .Sir William Glasgow) that he intended to submit additional businesssite leases for sale at an early date, it is stated by the Lands Department of the Federal Capital Commission that no sale will be held for about six months, and that no further business sites will be sold this year. Building has yet to be begun on the 46 business sites at the civic centre, and materials are on 28 blocks ready for a beginning, while preparations on other sites are proceeding. Some purchasers of leases at the first sale in December, 1924, and in May, 1925, are reported to have resold at a profit, while many other leaseholders are retaining their leases to carry out their original intentions of building and settling in Canberra. They have refused tempting premiums offered by people who cams in too late. In connexion with a statement that leaseholders were demanding premiums now, it may be recalled that at the first sale, in 1924, many leases were, not sold, but, in every instance, the Commission has since disposed of these at higher prices than the upset value on the day of sale.

The excuse for declining to offer further business sites was that there was no demand for them. It would appear that when the Minister supplies certain information the commission tells him point blank that he is a liar.

Senator McLachlan - The commission must have great courage.

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