RENEWABLE LEASES.
The renewable lease system, which was introduced by the Government •a- year or two back, does not appealto'be "catching on.*" It is a short lease, with a right of re-valuation, and holders of feases-in-perpetuity are permitted to break their bargain with the Crown and exchange for the renewable lease. When it _is stated that for the year ending March 81st last not a single foot of lease-in-perpetuity land was exchanged for renewable leases, it may readily be imagined how popular the hew system is with holders'of Crown leases'. A man who would surrender his long lease for the short-dated_ renewable ]ea?e would he a *t subject
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https://paperspast.natlib.govt.nz/newspapers/WAG19101207.2.14
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Wairarapa Age, Volume XXXII, Issue 10134, 7 December 1910, Page 4
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108RENEWABLE LEASES. Wairarapa Age, Volume XXXII, Issue 10134, 7 December 1910, Page 4
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