Complex sentence: The square is in the centre of the city's grid of one square mile, and was named by the Street Naming Committee on 23 May 1837 after Princess Victoria, heir presumptive of the British throne.
Split into simpler sentences: The square is in the centre of the city's grid of one square mile. The area was named "Victoria Square" by the Street Naming Committee on 23 May 1837, after Princess Victoria, heir presumptive of the British throne.