390
- the peculiar advantages under which people are permitted to settle here, and the material fact that the tenure required no expenditure of purchase money in advance).
An equalization of land rents is wholly impracticable; the very idea of it would be scouted as absurd in the extreme). Parties, therefore, subject to an annual rent at the formation of the Colony has, I believe, been strictly fulfilled; while the Civil Establishments were placed upon a more extensive scale than would have been the case but for the indications of commercial prosperity which the result of these sales must have been the means of producing.
Great caution should be used in dealing with the cases which have been noticed by the Committee, so as to prevent the creation of a dangerous precedent: Some of these must simply be reminded of the fact that their bargains were deliberately effected under a system of public competition which, in common fairness to all parties, ought to be inviolable. Land would not have been bought at the time either unnecessarily or for more than its prospective value, notwithstanding all that has been urged with respect to the interference of land jobbers; and, if the prospects under which these purchases were effected have not been realized, no degradation is attributable to the Government, because every obligation contemplated has been fulfilled.
But I cannot see how they could be relieved without disturbing the general principles of tenure, and thus give rise to endless difficulties of a serious nature. I would rather recommend an adherence to the present system in the belief that it is better to let things come to their proper level in the natural course of events, than to force them by the ...
2
390
- the peculiar advan
are
tages
under which people
h
re permitted to settle here, and the material
fact that the tenure required no expenditure
of puschate money in advance).
course
An equalization of land rents is wholly impracticable; the
of
very idear of
it would be scouted as absurd in the extreme).
Parties, therefore, subject to an
Ca
caression rentab
at the formation of the Colony has, I believe,
been strietly fulfilled; while the Civil
Establishments
were
placed upon
а тогод
extensive scale than would have been the
card but for
the indications
of c
mercial
prospority which the result of these
sales must have been the means
very
land
of producing.
Great caution should be used in
with the cases which have been
the Committee, so as to noticed by
dealing
grot
- only voluntary, but
Specially
prevent
the
creation of a dangerous precedent:
Some of these
of
Case 4
hard.
must simply be reminded of the fact that
wwere),
their bargains deliberately effected
under a
system of public
competition which, in common fairness to
all
· parties, ought to be inviolable. Land would not have been bought at the time either unnecessarily or for
More
than its prospective
value, notwithstanding all that has been
urged
with respect to the interference of land jobbers; and, if the prospects under which these
purchases
were
is in
effected have not been realized,
no de
degred
the failure Government, because
attributable to the
every obligation contemplated
ones,
ard
certainly very
but I cannot see how they could be relieved without disturbing the genera
principles of tenure, and
to endless difficulties of a
thus
• give..
rise
a terious nature.
I would rather recommend a
adherenced to the present system
belief
that it is better to let
rigid
the
in
things
Come
to their proper level in the natural consen of events, than to fored them by the ___
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