38 THE PRACTICAL SIDE OF 



empowerefl to borrow money from the Public 

 Works Loan Commissioners at the rate of 

 3i per cent., but it must obtain the sanction 

 of the Local Government Board, which is 

 prepared, as a general rule, to agree to the 

 full term of eighty years which the Act allows 

 for the purchase of land for Small Holdings. 

 The Act of Parliament authorises the Board 

 of Agriculture, subject to certain regulations, 

 to pay either the whole or part of the expense 

 incurred by a Council in such proceedings 

 as they may take in relation to the acquisition 

 of land. Under the regulations of the Board 

 it appears that they undertake to pay the 

 whole of the expenses which have been 

 necessarily or reasonably incurred. The most 

 important items under this head, however, 

 refer to the cost of the report and valuation 

 of land which the Council haye under con- 

 sideration, the cost of the proceedings for 

 obtaining a compulsory order, the arbitra- 

 tion and valuation expenses where land is 

 purchased or hired compulsorily, the cost 

 of conveyancing, and of the registration 

 of title. 



When a Council sells or lets land to a tenant, 

 the sum fixed must be sufficient to recoup 

 to the Council the whole of their expenses 



