CITY LEASEHOLDS.
NO SECURITY ( OF TENURE. By Telegraph—I 'rcss Association. Wellington, Friday. In the actions brought by the City Council to set aside the awards of tk'e arbitrators in the city leases it was explained that the term "misconduct" was only used in a judicial sense, and no persona] reflection was made on the honor or integrity of the arbitrators for the lessees. It was argued by Mr. Skerrett that these leases were stupid affairs both from the corporation's and tenants' point of view. They gave no security of tenure and put on the improvements a highly artificial test as to what was to he the rontal. The tenant always had to pay back rent. He quoted one instance, the T. and O. Insurance Company, which had its lease assessed at £5 per foot and threw it up with improvements valued at £ISOO rather than pay such u sum. Was that evidence of partiality on the part of the arbitrators!
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Taranaki Daily News, Volume LVI, Issue 257, 28 March 1914, Page 5
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160CITY LEASEHOLDS. Taranaki Daily News, Volume LVI, Issue 257, 28 March 1914, Page 5
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