THE LAND LAW 263 



Sub-section 3. — Likewise by agreement the 

 State may in exchange for the expropriated 

 lands give others comprising a larger or 

 smaller area, but of a corresponding value. 



Sub-section 4. — In the case of such expropria- 

 tion falling on portions only of lands 

 held on quitrent, leasehold or which have 

 been sold by payment in instalments, the 

 respective quitrent, leasehold-rent or 

 instalment shall be reduced in accordance 

 with the decrease of the area of such 

 holding as a result of its expropriation. 



Concessions granted are Exempt from the Pay- 

 ment OF Property Tax for the First Year. 

 Art. 51. — During the first year a concession is 

 in existence any land granted on quitrent or 

 leasehold shall be exempt from the operation 

 of the Property Tax. Thereafter and while such 

 ground remains unused the Property Tax shall 

 be imposed thereon to the extent of 5 per centum 

 of its value at the end of the first year, 10 per 

 centum at the end of the second year, and shall 

 successively be increased by another 10 per 

 centum for each year till the concessionaire or 

 leaseholder shall have shown that he has utilized 

 such ground in good faith. From this provision 

 there shall be excepted lands sold by the State 



