SERIOUS DEPRECIATION OF LANDED PROPERTY IN ENGLAND.

Waikato Times, Volume XVII, Issue 1457, 3 November 1881, Page 2

SERIOUS DEPRECIATION OF LANDED PROPERTY IN ENGLAND.

Thb landed intei e*t is threatened with a very severe depreciation. The London correspondent of the Manchester Guardian has found this proposition confirmed within the last few days from an unquestionable and most significant source. The Cbarity Commissioners, part of whoie duty it is to superintend those who have the distribution of all charitable endowments, have for some months been almost incessantly occupied in taking into consideration appeals for what may be called relief on the part of governors, trustees, and managers of the funds bequeathed by pious founders, and invested in lands, all having some deterioration to disclose with regard to their trust properties. Tha sanction of the Commissioners is regularly required to abatements of rent. They are daily called upon to authorize the rai«in<? of funds wherewith to carry on the cultivation < i lands thrown.' upon the hand* of the trustees, and to propose amendments of schemes already prOflfotinded, which if carried out in the ordeMaid down would extend bat to one-half r ofj|he recipients designed, t>o diminished have the funds become by the depreciation of landed property. When it is borne in mind that that these endowments represent an aggregate of nearly two millions a year, and that this depreciation seems to pervade the whole system, it needs but little discernment to see that the time is rapidly arriving when, unless some means can be found to arrest the torrent, land must fall in value by some 30 or 40 per cent, of its present estimated worth.

An auctioneer, by birth a native of Green Isle, of coarse,, cawed to be printed on his handbills at a recent sale, " Erexj article sold' goes to the highest bidder, unless some gentfein.au bids jaoft," • "