SMALL HOLDINGS 39 



in its acquisition and adaptation, always 

 excepting such sums as are repayable by the 

 Board of Agriculture. Thus, the amount 

 fixed should cover the tithe, land tax, repairs, 

 management, and contingencies. The rent, 

 however, should not include rates and taxes, 

 which should be paid by the tenants. Where 

 land is sold to a small holder, the Council 

 may require the payment down of at least 

 one-fifth of the purchase money upon the 

 completion of the purchase. A sum not 

 exceeding one-fourth of the purchase money 

 may, at the discretion of the Council, remain 

 as a perpetual charge upon the holding, the 

 purchaser paying interest on that sum annually. 

 The balance of the purchase money, together 

 with the interest, must be paid by the pur- 

 chaser half-yearly, and spread over a period 

 not exceeding fifty years. Under given 

 conditions, however, the Council have the 

 power to postpone the repayment of instal- 

 ments for five years. The purchaser of a 

 holding on these terms, however, is required 

 to agree to certain conditions, which last 

 for twenty years from the date of purchase, 

 or as long as' any portion of the purchase 

 money remains unpaid. These conditions 

 arc framed with the object of securing the 



