upon which the 5
general principles
Memorandum
think
4.
Officers
i
based it is, 4
not
unduly involved.
The Valuation & Resumption
subunits.
(a) that the
Weehold interest
should
the premmin for
be fixed at
higher figure than that
which
would
result if
the leasehold Kremmin were merely
increased by
in land
in
the orthodox methad
of calculation
to
the figure
appropriate to
lease in
this higher figure
kerpetuity;
would apparently be freed arbitrarily.
(b) that if the Crown Rent (ie
freehold ground vent)
mistead
capitalised
so at
an
where
are
in
done
7 3
Cares
Rents
results
payment in
it
й tō
be
should be
assumed interest.
57 4%%
an
in
leasehold Crown
capitalized. This
higher capital
The
case
of the
freehold land
All thi
amounts
to
submission that
more than the
freehold land is worth more them leave
hold
land
(even where
the lease
no to 999 years) and, subject to
Comments
have
I think
we
objectims to
Your
say
that
may the proposed