Pros And Cons of Leasehold Enfranchisement

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" The reason why in London, Birmingham, and other large towns com- paratively short terms are prevalent is that the land there has, from an early date in the history of the development of those towns, commanded a very high price, and some system of hiring sites instead of buying them has become essential for the cheap production of houses. " In towns, " said Mr. John Morley in the course of the debate which resulted in the appointment of the first Town Holdings Committee, " there are no limits ...fixed by nature. Houses are simply a matter of supply and demand. " And that the London building system is not so unfair or confiscatory a thing as Mr. Harrison would have us believe is shown not only by the enormous fortunes which many of the chief London builders are known to have made, but also by the fact that shrewd men of business like Mr. Harrison him- self are in the habit of investing largely in leasehold houses.
PROS AND CONS. 2^ IV.
Assuming for the moment that some measure of Leasehold Enfranchisement is desirable in the interests of the pubhc, we may next proceed to inquire whether Mr.


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