INTERVENTION OF THE STATE 31 



advocates of State ownership of land, the 

 whole hypothesis is too revolutionary and 

 dangerous at the present time to call for any 

 serious attention. (3) State intervention : the 

 State advancing to the tenant the purchase 

 money to buy his holding — the loan to be 

 repaid over a period of years, interest being 

 charged at the cheapest rate at which the 

 State can afford to lend. 



Any scheme under this head has to be 

 equitable to the landlord and acceptable to the 

 tenant ; the State at the same time must be 

 put to no risk of loss in regard to the capital 

 involved, and must be safeguarded against any 

 huge investment which might be injurious to 

 the national credit. Many propositions on 

 this basis have been advanced, but only 

 three deserve serious attention : Sir Edward 

 Holden's,* which advocates the establishment 

 of a bank ; Mr. Trustram Eve's,* and Mr. Jesse 

 Colhngs' Purchase of Land Bill.f Sir Edward 

 Holden's suggestion, while containing many 

 good points, demands one-fifth deposit from 



* Report of the Departmental Committee into the 

 position of Tenant Farmers. Cd. 6030. 



t Purchase of Land (England and Wales) Bill. 



