76
Principles
on which are based the
desirable that these relative shares
be ascertained without delay; and he
will be ready to join Mr Stanhope in
taking such steps as may be agreed
may admit of for the purpose. It does not seem
likely that the value of
cannot be the military interests, Smith,
defined with complete accuracy, but is disposed to think
that the right to occupy the land,
subject as it is to be terminated at
any time by the direction of Her
Majesty's Government, could not be
assessed at a higher money value
than one fourth of the fee simple
value of the land. But even this
may be too high a rate as
found to be
tested by the actuarial tables recognised by land agents in England, in respect of cases
in which two parties have each an interest in the land, and it may be advisable to consult on the subject
some leading firm of land surveyors
and valuers. His Lordship would be
glad to be favoured with Mr Stanhope's views upon this question.