12.
13
ary, as
do not however anticipate that such effect will be more than temporary, it is probable that parties seeking to buy land will prefer to accept leases of 15 years if favourable ~ terms as to renewal for period at enhan
the same
ced Crown Rent if deemed
advisable are
incorporated
into future leases, rather
than pay
pay exorbitant prices for 999 years' leasehold pro-
perty.
perty.
a
331
All that is required is
certainty of tenure, and if conditions such as that the leases will be renewed to
: the original lessee or the as
signee in possession at the time of the
of the expiry of the lease
upon such
an advance in
Crown Rent as is
justified by
the then value of land and without fine for a further
period of 75 years and that compensation will be given
in
t
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