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fair compensation for buildings and other
works which may be of value to Government
on expiry, we cannot agree to grant to the Air Ministry any rights such as would
appertain to freehold tenure. From the foregoing it will be clear that there can be no question of an "open market" value in respect of the Crown land now occupied
by the Royal Air Force.
3.
Conceivably this misapprehension
has arisen from the suggestion of capitalizing
the Crown Rent on twenty five years' purchase
terms. That method is employed in the case
of land leased to the War Office by this
Government in order to facilitate book-
keeping in the Colonial Military Lands
Account. That consideration being absent
in the case of land leased to the Air
Ministry, we should much prefer Crown Rent
please
to be paid annually and would gladly drop
the suggestion of capitalization: see paragraph four of my secret despatch of
31st March, 1939, on this point.
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To turn now to the question of
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