Church Rates Substance of a Speech Delivered in the House of Commons On the 3
Church Rates Substance of a Speech Delivered in the House of Commons On the 3
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It may, therefore, be called a corn rent, and the fluctua- tions will be calculated upon the principle laid down in the Tithe Act of last Session. I propose that the Church lessees shall be enabled to purchase the fee-simple of the land at the rate of twenty-five years' purchase, the exist- ing leases being valued at the rate of 4 per cent. If, for instance, a tenant has a lease equal to fourteen years' purchase, that interest shall be estimated at four per cent. : the difference between that s...um and twenty-five years' purchase of the improved value of the fee-simple, shall be the amount the tenant will be called upon to pay for the enfranchisement of his land. Honourable Members are not, however, to suppose, that the plan which it is my duty to propose will make it imperative upon every lessee to pay this amount of difference in actual money. In order to facilitate the transaction, I propose that the amount should be commuted into an increased rent, to be added to the rents and fines which 23 are now payable.
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To quickly assess the difficulty of the text, read a short excerpt:
It may, therefore, be called a corn rent, and the fluctua- tions will be calculated upon the principle laid down in the Tithe Act of last Session. I propose that the Church lessees shall be enabled to purchase the fee-simple of the land at the rate of twenty-five years' purchase, the exist- ing leases being valued at the rate of 4 per cent. If, for instance, a tenant has a lease equal to fourteen years' purchase, that interest shall be estimated at four per cent. : the difference between that s...um and twenty-five years' purchase of the improved value of the fee-simple, shall be the amount the tenant will be called upon to pay for the enfranchisement of his land. Honourable Members are not, however, to suppose, that the plan which it is my duty to propose will make it imperative upon every lessee to pay this amount of difference in actual money. In order to facilitate the transaction, I propose that the amount should be commuted into an increased rent, to be added to the rents and fines which 23 are now payable.
What to read after Church Rates Substance of a Speech Delivered in the House of Commons On the 3?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Spring Rice Monteagle of Brandon to read onlineMoreLess
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