Supposing commerce and population to increase in London for the
next fifty years as they have for the last fifty, what will be the value of the City proper per square foot ? The little piece of land at the corner of Lombard Street, a site for one house, was recently let to the Agra and Masterman's Bank for 6,6001. a year.
'The Bank, it is said, in turn sold it for a premium of 70,0001. and the rental, to the City Offices Company. That society is building on it a house expected to cost 70,000/., and to let for 22,0001. a year, one bank paying 12,000/. a year for the ground floor and basement.