Note 11 — PENZANCE.

The history of these funds exhibits a curious instance of the increase in value which property undergoes, in a series of years, from the progressive improvements of the district in which it lies. The revenue of the Corporation, nearly £2000 per annum, is derived from an estate which was purchased from one Daniel, in the year 1614, for the sum of £34, and 20 shillings a year fee farm rent, payable out of the same to the vender and his representatives for ever. This estate is described in the writings to be "a three corner plot with a timber house (then) lately erected thereon, together with the tolls, profits, and dues of the fairs, markets, and of the pier." The increase of its value has arisen from the enlargement of the market now held on the spot, and from the dues arising from the improved and extended pier.