A History of Modern England volume 4

Cover A History of Modern England volume 4
A History of Modern England volume 4
Herbert W Herbert Woodfield Paul
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In fixing the rent they would have regard not merely to the value of the holding as it stood, but also to the time, money, and labour spent upon it by the tenant, or his pre- decessor in title. A rent j udicially settled could not be changed again within the statutory period, and the right to hold the land at the rent so fixed was made a marketable commodity. At the end of the fifteen years the same process could be repeated, and no tenant whose holding was worth less than two hundred pounds a ...year could exclude himself by voluntary contract from the advantages of the new law. In his speech upon introducing this Bill Mr. Political Gladstone made use of language which was strangely ** perverted into a repudiation of economic science. Referring to the Professor of Political Economy at Oxford, a member of the Duke of Richmond's Commission, the Prime Minister said, "Mr. Bonamy Price is the only man to his credit be it spoken who has had the resolution to apply, in all their unmitigated authority, the principles of political economy to the people and circumstances of Ireland exactly as if he had been proposing to legislate for the inhabitants of Saturn or Jupiter.

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