CO129-026 - Bonham - 1848 [9-12] — Page 174

remain as they

arc-1

and I am with great-

respect fully satisfied_ of the justice of the

viz...

equitable

conclusion that has been arrived at, that the present holders have no right whatever to demand a reduction, as they purchased the lands at public auction__ not only at one cale, but at many, and were therefore fully

were

of whort they doing. But as I have before observed, with a view to the ultimate benefit of the Colony, I am persuaded that some reduction in the existing rates should be made._

7. The objections to this proposal are the loss which must, inevitably be sustained by Government of a part of its already very- Mimited Revenue, and the difficulty that_ exists of making any arrangement which would be considered an

advantage by the

handholders themselves, and equitable to the Publie generally. -

シ

T

8.

168

The only praction plan that has to me to remedy the coil,

been suggested. to

is a general reduction of rates, of from 20 to 25 per cent, throughout the whole Colony; but it appears to me that this would not afford relief where it is most required; - a reduction_ Lay of 20 per cent being. absolutely unneccss.

in

-

instances,

11་1༤༥ while in others

where proprietors have purchand land at

absurdly combitant rate, this amount of reduction would not be deemed sufficient...

All

If, therefore, your Lordship should, on further consideration, be disposed to admit- that a reduction in the rates is necessary,

I

would respectfully suggest that a committic should be appointed to examine and report. on the state of the landed tenure of the felony generally,

cale in

alse

no

each individual

which it might be enabled to show that a reduction of rent.

ent ions

imperatively called for; and that on the