Till- A(iK.\KI . OF 1903. 143 



with no encumbrances, which are probably ex- 



t will not any increase 



Hut under the new the owner, 



to sdl, can by sale and repurchase 



of his demesne procure himself capital repayable 



in 68| years at 2| per cent | per 



cent, sinking fuml ible for any purpose he 



rder to give efficacy to these attractior 

 ie modus <;. of purchase has been 



Anyone who has for six y< 

 enjoyed the rents of an estate has the ri^ht 

 to sell it. 1 In order to interest the existing 

 possessor of the property the tenant-for-life 

 (for the Act makes no difference in the manner 

 in which landed property up) in the sale, 



he receives the bonus as a free personal gift ; it 

 does not go into the family property. 1 In the 

 same way he also gets the arrears of rent up 

 1 year, or at m per cent, of 



the purchase money.* The tenant-for-life t: 

 receives 12 per cent. + 5-4 per cent., or in all 

 j. per cent, of the purchase money, to do 



1 That is to say, he need not, before negotiating, rummage 

 among ancient a: i order to establish his ownership. 



>ic documents are only necessary in order to establish 

 a to dispose of the purchase money, the interest of which 

 he continues to receive as he formerly did the re: 



1 This point was not made clear in the Act of 1903, so that 

 an amen became necessary (190 



3 If the purchase price amounts to 18-5 times the rent, then 

 the arrears will be fa /.*., 5-4 l*r cent. 



