HAMILTON RESERVES.
Sic,—lf the statement m your issue of to-day is correct, that the Hamilton Domain Board intend issuing leases for the reserves, for a term of .21 years, with the provision that the lessees may have the r'ujht to a second lease, at a rate to be fixed at the expiration of the first 21 years, they Avill be acting illegally. The Act gives them power to lease reserves for the period of not more than 21 yeard. To give such right as contained m the provisions referred to, would be literally granting* a 42 years lease, and granting a monopoly to the lessee against all comers. If they could give such a right, why notgrant it on the same condition for a third ieaso, at the end of the second, and so on m perpetuity. But this would be simply absurd. Therefore, to do so m the case of the first lease, is absurd also. But, as I have said, it is more than absurd. It is illegal. — I am, &c, Lex. September 23, 1879.
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Waikato Times, Volume XIII, Issue 1134, 30 September 1879, Page 2
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177HAMILTON RESERVES. Waikato Times, Volume XIII, Issue 1134, 30 September 1879, Page 2
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