to Your Lordships that after careful consideration, I have come to the conclusion that there are no adequate grounds for a general reduction of the Crown Rent in these colonies, except in cases in which the present depreciation of the value of property bears hardly upon the tenant. Such reduction, involving as it would a diminution of the general Revenue of the colony, could only be justifiable either on the grounds of abstract justice, or on the grounds of a corresponding equivalent return.
I fail to see, however, that the Crown tenants who entered into their obligations voluntarily, and who simply miscalculated the course which the development of the colony would take, have any claim against the established Government on the grounds of abstract right, while on the other hand it is admitted by all competent judges that some equivalent in the shape of a revival of trade or of increased prosperity in the districts that would be relieved is to be looked for.
I have, therefore, decided, subject to Your Lordships' approval, to make no general change in the present relations of these tenants.
to Your Lordships that after careful
ensideratio, I have came to the
h
2
a
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emchision that there are no
adequate grounds for a general
reduction of the Crown Rent in
these co
e cases in which the present depreciation of the value of property bears hardly upon the tenant.. Such reduction involving as it would a diminution of the general Revonne of the lealony could only
justifiable either on the
be
of abstract
justice,
in
grounds
antrafation "
in
of a converfronding equivalent
retun.
I fail to see, haveur, that
the Crown tenants who entered
304
into their obligations voluntarily, and who simply miscalculated the course which the development of the lealing would take, have
claim against the
established
Gavramment
any
m
the grounds of abitinct
right, while in the other hand it
is admitted
itted by
judging that
Mo
all
competent of
equivalent in the chape of a revival of trade or of increased pompeity in the
districts that would be relieved
is to be looked for.
I have, thaefore, decided subject to You Lordshipis afferval to
general change in the
make no
prevent relations of these ne
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