SPECULATION IN LEASES.
It is a little difficult to see how the 1 Land Board can stop speculation in leases, but thoy can scrutinise every < application for a transfer very closely, says the "Lytteiton Times'" The trouble has been growing in recent years, and is now evidently very pronounced, especially in regard to South Canterbury settlements. The southern lands have been advancing veiy rapidly in value, and the tenants, of course, realise that their leaseholds are not far removed from freeholds in type. The restrictions imposed by State ownership are not irksome, and the Land Board, as we have said, will find it difficult to stop the speculation. But, clearly, if a man has a large sum of money to spend on the goodwill of a leasehold setion, he is not the class of settler that needs State help. He ought to be in the open market buying freehold instead of competing with poorer men. If the -leasehold did not possess manifest advantages, we should not find these men so anxious to take up State lands.
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https://paperspast.natlib.govt.nz/newspapers/WAG19090813.2.10.2
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Wairarapa Age, Volume XXXII, Issue 9567, 13 August 1909, Page 4
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176SPECULATION IN LEASES. Wairarapa Age, Volume XXXII, Issue 9567, 13 August 1909, Page 4
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