LANDLORD AND TENANT. 131 



possession and the payment at the expiry of 

 the lease of say 51. per acre for meliorations 

 executed by the tenant, or 1000J. for the erection 

 of houses and fences. The question therefore 

 is, what are to be the counter obligations of 

 the tenant ? One of these, it must be admitted, 

 is the execution of the meliorations. The other 

 is the amount of additional rent, which the six 

 candidates may think or judge the additional 

 obligation on the part of the landlord worth 

 to them. It is very obvious that all stand 

 again upon equal footing, so that being equal 

 in judgment A., C., and E. arrive at the same 

 conclusion. In the former case they calculated 

 upon a certain percentage to redeem the outlay, 

 and in the present they give this percentage as 

 additional rent. 



Let us again suppose that the landlord shall 

 advance 1000/. to each of the first two tenants, 

 A. and C., and 251. to E., at their entry to their 

 respective farms, for the purpose of effecting 

 the meliorations in question. The counter 

 obligations on the part of the tenants would, 

 now, obviously, be the immediate payment of 

 interest in the shape of say 6s. 6d. per acre of 

 additional rent. 



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