The Agricultural Holdings Act 1900

Cover The Agricultural Holdings Act 1900
The Agricultural Holdings Act 1900
S B L Druce
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Now, supposing this sum had, as it accumulated, been hoarded instead of expended on this estate, and was to be now brought to light and placed out at interest of 1 per cent. , an income of no less than 8, 7381. A year would be the clear result, or 1, -100/. A year more than the present gross income of the whole improved estate in 1886, after adding to the rental of 7, 130/. , 200/. For the mansion, making in all 7, 330/.
Supposing, which is believed to be the case, the outlay in question has be
...en spread over the eighty-six years of this century, the estate may be debited with an annual charge in respect of one half of 218, 446/. For eighty-six years, equal at 4 per cent, to 4, 369Z. A year. Had this outlay never been made by the owner, it is not to be believed that the estate would have been unproductive. On the contrary, with security of tenure at a low rent, tenants w r ould have been found to execute some improvements and renewals or repairs at their own cost. With a system of building leases even cottages might have been thus erected, as it is understood has been the case on one or more large estates.

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