HOW THE STATE WILL FARE.
The Land Bill, as outlined, contains one defect of a serious character that has not yet been discussed. Under its leasing proposals it is provided that tenants may purchase their allotments frpuw the owneilessee at any time within ten years. ■ What might happen would be this . j The Government would lease a pro- | >erty worth £lO per acre as a j vhoie, paying the owner 4 3 pei j •ent 011 this value. The estate I night be cut up into twenty seo j -Aons. Fifteen of these, comprising ; he pick of the property, might be sold by the owner to the tenants at prices \ibove the £lO per acre, within ten years, and at the expiry of that period the owner could, under the Bill, compel the Government to purchase the remnant, which might be worth only £4 or £5 per acre. In such an event, the Government, and the country, would he losing thousands of pounds on tho_ transaction. This is only one of many contingencies against which the State will require to provide.
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Wairarapa Age, Volume XXXII, Issue 10089, 10 September 1910, Page 4
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181HOW THE STATE WILL FARE. Wairarapa Age, Volume XXXII, Issue 10089, 10 September 1910, Page 4
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