193
Hor
pay
to the Government
the stipulated
Rent. Under
these circumstances application was made by the Holders
for permission to sur:
render their Lands
4. Considering
that
the Lots in question had
been purchased at the
outset of
the settlement at
a time of speculation, and
when their real value could
not be ascertained, Londay came to the conclusion that
there were
sufficient grounds
to authorize the resumption of these unimproved Grants on
condition that the Holders
should
pay up the arrears
of Rent which had become
due.
5. But the practice of
making
these resumptions can
not be indefinitely continued.
It appeared no more than
reasonable to allow them
when a
large part of the
Community suddenly discovered
that
they
had offered too
much for their Lands, but it
would be open to much
objection that Parties should have a Right of retaining the whole of their Property
as
long as they pleased, (yet
surrendering any part of it at any future
and
time