...going to adopt in that Bill the perpetual lease — that was to say, л lease for all time at an annual rental of 4 per cent, on the capital value of the land, with no revaluation ; then they had him grafting upon that another species of lease for the South Island,...

...and ninety-nine years, subject to conditions of residence and improvements and the payment of a rent of 4 per cent, on the capital value of the land. The minimum valuation placed on the land subject to selection is £1 an acre for first-class or agricultural...

...ninety-nine years, subject to conditions of residence «nil improvements and the payment of a rent of 4 per cent, on the capital value of the land. The minimum valuation placed on the land subject, to selection is £1 an acre for first-class or agricultural...

...time after the first ten years and within twenty-five years, or to convert into a renewable lease. 3. Renewable lease, at a rental of 4 per cent. on the capital value, the lease being for sixty-six years, with perpetual right of renewal. Improved lands purchased under...

...time after the first ten years and within twenty-five years, or to convert into a renewable lease. 3. Renewable lease, at a rental of 4 per cent, on the capital value, the lease being for sixty-six years, with perpetual right of renewal. Improved lands purchased under...

...with periodic revaluation. His plan fell through. McKenzie granted leases for 999 years at a fixed rental of 4 per cent. on the capital value of the land at the time the lease was taken up, without revaluation. The area which could be held by one man was...

...framed, and are now in force, providing for the leasing of town and suburban land on a 99 years' term, at a rental of 4 per cent. on the capital value of the land, subject to revaluation at intervals of not less than ten years, the value of improvements made by the...

...Parliament introduced a new lease—the Lease in Perpetuity. It granted a tenure for 999 years, at a fixed rental of 4 per cent. on the capital value of the land at the time the lease was taken up, with no revaluations. The short-sightedness of this measure is...

...days. 2. By lease for 25 years with right of purchase after ten years, or right to renew lease. Kent 5 per cent. 3. By renewable lease at a rental of 4...sub-lease them to farmers at a land value rental of 4V4 per cent, new leases being in effect every 33 years. Land may be taken compulsorily in case the...

...at not less than $15 per allotment; or homestead allotments of from 1 to 100 acres, to be taken on renewable lease at a rental of 4 per cent, on the capital value. These settlements were designed to help laborers to obtain homes for themselves and families in the...