A story in last Friday's newspaper about the marketing of Daniel's Head incorrectly reported the size of the Canadian military base. It is 17 acres.

Government has produced a glossy brochure to attract investors to Daniel's Head.

The Ministry of Information Services produced 5,000 of the brochures at a cost of $4,000, a spokesman said yesterday. They are now being sent around the world.

The 225-acre Canadian Forces Station is expected to be vacated this year, and last year a committee was formed to propose a plan for its future.

Former Government Senate leader the Hon. Charles Collis, who chairs the Premier's Committee on Daniel's Head, said the committee was told to look for a use that would benefit Bermuda as a whole and not involve a financial commitment from Government.

"Nothing has been ruled out,'' Mr. Collis said yesterday. "We're trying to find an effective use for the land.'' A section of the brochure which is highlighted in blue states: "We would prefer a use which will preserve the integrity of the property, such as a high quality recreational resort complex, a research or educational facility, (or) the headquarters of an international agency or health spa.

"The property is ideal for a tourist-oriented business, and could be used almost without alteration as a resort whose emphasis was on water sports.'' The brochure also notes 7.3 more acres of adjacent Government-owned land are presently used for farming.

Mr. Collis said the committee did not have the site appraised because only in an extraordinary situation could he envisage Government agreeing to sell Daniel's Head. A lease arrangement was most likely, he said.

The brochure notes there are 34 buildings in good repair on the site, ranging in size from a cycle shelter to a 24-unit apartment building.

Mr. Collis said while Bermuda enjoyed the economic spin-offs from the soon-to-be-closed Canadian Forces Station, it has received no revenues for the use of the land itself. In finding a use for the base, "there is no criteria for getting the best return,'' he said.

A use like a research institute might not bring a great revenue return, but might be desirable in heightening Bermuda's international profile and credibility, he said.

In the Budget tabled this week, Finance Minister the Hon. Dr. David Saul said direct spending by the Canadian Forces Station in 1991 amounted to $3.2 million, not counting the money Canadian forces' personnel spent on the Island.

That sum amounted to 0.2 percent of GDP, and Dr. Saul said he had to account for that loss in writing the budget.

Mrs. Lee Davidson, chairman of the environmental committee of the National Trust, said "it's a nice option to leave (Daniel's Head) blank'' as natural open space, but the Trust realises that is not "economically realistic.''