The Occupying Ownership of Land An Analysis of the Position of the Tenant Farme
The Occupying Ownership of Land An Analysis of the Position of the Tenant Farme
Bevil Tollemache
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A deposit under such circumstances spells failure. The Worcestershire County Council for- tunately overcame this difficulty by accept- ing their applicants as tenants for three years until the necessary deposit had been paid off" by instalments, when they were given purchase agreements according to the Act, their rent being charged to the credit of their capital WINTERSLOW 113 account. Once this obstacle had been success- fully surmounted, the forty years which was allowed for the repayment of ...the balance of the purchase-money with interest was found to be more than long enough, and most of the small owners at Catshill will be in a position to acquire their absolute freehold before this period has elapsed. Thus we learn by actual experience gained from the operation of the 1892 Small Holdings Act, how a demand for small holdings will be entirely stifled by insistence on a deposit, and how in practice the deposit may be dispensed with without minimizing in the least degree the security for the repayment of the capital debt.
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