The Perpetual Lease
Apropos of the New Zealand perpetual lease system the Napier Telegraph says : Supposing, for instance, sixty years ago a perpetual lease had been acquired bj some one of the wild lands that surrounded Wellington harbor, and that the Colony growing as it has done, a city had arisen there. The perpetual tenant of the Crown would stand in exactly the same relation to the land as the lord of the manor in England. And now let us look forward to four hundred years, eight hundred years, to nine hundred and niuety-nine years, what position wonld the descendants of the original tenant bold with regard to the inhabitants of Wellington city, which, by that date, may number seven! millions ? Listen K> the ontcry there it in London to-day against the ground landlords 1 rights, and the enormous revenues they are deriving from the mere possession of the soil. Why in leu than a oouple of hundred years there will be men in New Zealand holding perpetual lease* of land on which -eople have settled and cities have been built, who, in their enonnoo* wealth, will look upon a Duke of Westminster at a pauper, and the riches of * Rothchild a« pocket money.
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https://paperspast.natlib.govt.nz/newspapers/FS18930727.2.28
Bibliographic details
Feilding Star, Volume XV, Issue 23, 27 July 1893, Page 3
Word Count
204The Perpetual Lease Feilding Star, Volume XV, Issue 23, 27 July 1893, Page 3
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