10
330
sion con
On the strength of the deci- conveyed in Lord Der. by's despatch a similar re quest preferred by the les- of Rural Building Lot W. I has recently been re- fused.
see
No
As regards mortga gees, if they advanced mo the security of land
ney
on th
leased for 75 years, they~
did so with their
eyes open.
for
and with no reason
the faith that was within
them
them.
6.
I
now come to deal
· with the effects which the
~
change in the tenure of land is prophesied to pro-
duce.
(a)" "Placing all property
held
on 999 years lease at '
"a high premium".
Even if this effect is produced, the higher letting value of these properties -
will result in an increase
in revenue
from rates. I
do.