Church Leases Considered

Cover Church Leases Considered
Church Leases Considered
Charles Heneage Elsley
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Nearly ; consequently, he will then only clear 567/. Now, let us consider the operation of the Chancellor of the Exchequer's plan, and that the lessee adopts it immediately after renewing : then, as I explained before — colliery lease would have carpeted a moderate sized parlour : and if any body fancies that such a carpet is made for nothing, he knov s very little of the mysteries of conveyancing.
27 The fee simple, valued at twenty-five years' purchase, or £4 per cent. £25. 00^ The term for t
...wenty-one years, also at £4 per cent, is worth 14. 029 Difference in value . . £10, 971 And the interest of this last-mentioned sum, namcl}', 439/. Nearly, will be the charge upon the estate for ever. But where only 1^ years' purchase has been taken for the fine, there is already a charge of 2661. , as I explained above ; the additional charge, there- fore, will be the difference between these two sums, or 173/. In this case, certainly, in a money point of view, the lessee will have his annual income dimi- nished by 173/.

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