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Renting and Letting Salmon Rivers. 129 



1. Shall lie debit himself with a fair proportion of 

 the rent and charge his sub-tenant with the balance ? 



2. Shall he charge his sub-tenant such a sum as will 

 partially or entirely relieve him of rent during his selected 

 portion of the season ? 



3. Shall he charge his sub-tenant such a sum as will 

 give him his own portion of the season free of rent, and, 

 over and above that, return a profit ? 



4. Or, in the event of his sub-letting the fishery for 

 the entire season, shall he be content to get back his 

 rent, or think proper to ask a sum which will show a 

 profit ? • . 



I maintain that the pursuit of either course of 

 procedure is the business of the lessor or sub-lessor 

 alone, who surely has the right to fix the value of his 

 property. 



Notwithstanding the decline in the intrinsic value of 

 Norwegian fisheries, no doubt there are in existence at 

 the present time many leases at rents under their present 

 market value, having yet a considerable term to run, 

 so it is possible for the holders to make a profit in 

 sub-letting, without charging above what is generally 

 considered a fair price in these days. 



On the other hand, the farmers have asked and 

 obtained such rents for leases of more recent date that 

 a profit cannot be obtained in sub-letting unless a price 



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