430 PRESENT-DAY EXPERIMENTS 



they will be granted a lease of 999 years on the 

 following terms : 6 per cent, will be charged on 

 the total cost of each holding as described above ; 

 the sum of capital and interest combined will be 

 paid off in thirty-three years ; so that at the end of 

 the first three years, if the lease is granted, the 

 leaseholders will have thirty years of an annual 

 payment calculated in this way. At the end of 

 that time they will only have to pay a quit-rent of 

 Is. an acre or so, and become practically freeholders. 

 The leasehold rights can be sold or transferred 

 without any restrictions, subject, however, to the 

 Army's approval of the new tenant. 



The cost of a 5-acre holding works out at about 

 450 to 500. At 6 per cent, this involves an 

 annual payment of 27 10s. per annum. 



At first sight this seems a high figure, but it 

 must be remembered that it includes the cost of 

 the fruit-planting, from which the tenants derive 

 considerable benefit from the first year onwards. 

 It also includes the cost of all initial expenses, such 

 as seeds, manures, and preliminary cultivation, and 

 one year's maintenance. 



The tithe and land tax have been redeemed, the 

 sum involved to do this being added to the initial 

 cost of the land. 



The tenant pays rates. Outside repairs to build- 

 ings will be at the expense of the lessors, but 

 inside repairs and maintenance at the cost of 

 tenants. 



