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Land Drainage and Improvement 
III. — The Lands Impkovement Company. 
This Company was incorporated by the Act of 16 & 17 Vict., 
cap. CLIV. (amended by subsequent Acts), for the improve- 
ment of land, including- all the powers of the last-named Com- 
pany with the addition of planting. 
The Company proclaims itself specially as not undertaking; 
works of improvement, and " wishes it to be understood that it 
is of a strictly financial character, and that the details of the 
plans and of the execution of the works are not interfered with 
by them, but are controlled by the landowner and by the In- 
closure Commissioners." 
This Company's Acts permit : — 
" Firstly. — A landowner to contract for and obtain a loan from 
the Company, for the execution (by himself) of improvement 
works, with the sanction, in the first instance, of the proposed 
outlay, and the subsequent approval of the works, by the Inclo- 
sure Commissioners' Inspector, the Company receiving for the 
loan (and expenses) a rent-charge upon the property, repaying 
the same by half-yearly instalments, over a term not exceeding 
twenty-five years. 
"Secondly. — The Company, acting under the control of the 
Inclosure Commissioners, will undertake (by means of a com- 
petent contractor) to execute improvement works, taking a rent- 
charge upon the property to repay the contract sum (and expenses) 
by half-yearly instalments over the term agreed upon, not ex- 
ceeding twenty-five years, 
" Thirdly. — A landowner may also avail himself of the powers 
of the Acts to charge the inheritance by way of rent-charge 
with the outlay and expenses from his own funds for improve- 
ment works executed by himself under the Commissioners' 
approval." 
The terms of this Company are quoted from their prospectus 
as follows : — 
" In all cases the contract sum or loan, the Company's com- 
mission, and the preliminary expenses of the Inclosure Com- 
missioners' Inspector, and of the evidence as to the title to the 
benefit of the Acts (together estimated not to exceed on the 
average 7 per cent, on the whole loan if taken up in instalments 
of not less than 500Z.) are charged in one sum upon the inherit- 
ance for a term varying from fourteen to twenty-five years, 
according to the desire of the applicant, under the approval of 
the Commissioners. 
" The Company's commission above alluded to, Avhere a land- 
owner executes his own works and contracts for a loan from 
the Company, is 5 per cent., which, as already stated, is added 
