Observations On the Landed Possessions of Ecclesiastical Corporations
Observations On the Landed Possessions of Ecclesiastical Corporations
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They sold their reserved rents for twenty-five years' purchase ; their lands in lease for twenty-one years, were sold for twelve years' purchase ; those granted by copy of court roll, or lease for three lives, were sold for seven years' and a half purchase. Hou- ses in corporate or market towns leased for thirty years were sold at five years' purchase, and those leased for forty years were sold at three and a half years' purchase.
Under the present law, (the powers given by the Acts of redeemin...g the land-tax being nearly exhausted, ) ecclesiastical bodies corpo- rate are restricted from granting their posses- sions for a greater length of time than for twenty-one years, or for three lives, either by lease or copy of court roll, except in the case of houses in corporation or market towns, which houses they may grant by lease for terms not exceeding forty years. There are a few instances in which the custom of a parti- cular manor may authorize grants for a greater number of lives than three, or even grants in fee, but these are so rare that they may be fairly taken no account of in this place.
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To quickly assess the difficulty of the text, read a short excerpt:
They sold their reserved rents for twenty-five years' purchase ; their lands in lease for twenty-one years, were sold for twelve years' purchase ; those granted by copy of court roll, or lease for three lives, were sold for seven years' and a half purchase. Hou- ses in corporate or market towns leased for thirty years were sold at five years' purchase, and those leased for forty years were sold at three and a half years' purchase.
Under the present law, (the powers given by the Acts of redeemin...g the land-tax being nearly exhausted, ) ecclesiastical bodies corpo- rate are restricted from granting their posses- sions for a greater length of time than for twenty-one years, or for three lives, either by lease or copy of court roll, except in the case of houses in corporation or market towns, which houses they may grant by lease for terms not exceeding forty years. There are a few instances in which the custom of a parti- cular manor may authorize grants for a greater number of lives than three, or even grants in fee, but these are so rare that they may be fairly taken no account of in this place.
What to read after Observations On the Landed Possessions of Ecclesiastical Corporations?
You can find similar books in the "Read Also" column, or choose other free books by Sergeant, Philip Walsingham, 1872- to read onlineMoreLess
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