42 



that upon the sale of the surrendered property, an ap- 

 praisement shall be made on the permanent Improye- 

 ments, and this figure added as an upset price to the 

 value when the land is resold. The first holder will re- 

 ceive the value of the improvements, and a proportion of 

 any increase over the original selling price of the land, 

 less such rentals and costs as he may owe. This provision 

 of the law has made it possible for the settler to borrow 

 money for developing his land, giving a lien on his build- 

 ing and other improvements. The Territorial Govern- 

 ment recognizes this right, and has a form of mortgage 

 acceptable to it in this connection. 



For further information about the Territory of Hawaii 

 and for illustrated folders, address 



H. P. WOOD, Secretary, 

 Hawaii Promotion Committee, 

 Honolulu, 



Hawaii. 



