56 0STRICH-FA?.3IINa IN SOUTH AFRICA. 



and should provide in the partnership deed tliat no 

 joint promissory note shall be given, or mutual debt 

 incurred, and no stock bought or sold, except by joint 

 consent. 



A. beinor the owner of the land can consent to take 

 over from the partnership, at its expiration, any im- 

 provements at one-half their value. By this means he 

 enables B. to provide the birds with proper accommoda- 

 tion, whilst he guards against B. being extraA^agant by 

 the quarter loss he would sustain. It also gives B. an 

 incentive to stick to the partnersliip for its full period, 

 by the loss of all claim to compensation for improve- 

 ments that its termination earher would entail. A. 

 should further guard himself by stipulating that any 

 infringement of the deed, ipso facto, constitutes full 

 grounds for the aggrieved party to break up the 

 partnership if he thinks fit, irrespective of any other 

 remedy he may seek. The deed should also state that 

 B. is to reside on the farm, and give his whole and 

 undivided attention to managing it, agreeing not to 

 engage in any other occupation ; also that B.'s household 

 expenses are to be borne by himself In fact, it should 

 be as precise as possible, leaving no loopholes for future 

 misunderstanding. 



But another, and apparently the simplest kind of 

 partnership, namely, that where two men put their 



