CROWN LEASES
TEA?I?ICEING TO BE STOPPED,
(3V'TKI.'K3E>.?H.- 7 PUF.3.1 ABSPCIATJOII.) CH-mSTGHURCH, 27th May. At to-day's meeting of the Canterbury I ■and JSoard an important discussion took place in respect of tmnsfero of Crown .leases carrying a large goodwill when the Lra-nrierer hao only held the lease loi" c. comparatively short period. Instances wove referred to in which lessees, who had only-held* their leaaea for ; less than one year,- had applied for transfers. In one case an increased goodwill of over £3000 was shown. The applicant had got a tvanafer from the previous lessee Jaat year, the goodwill paid bc;ng i33£CO. He was now asking £6700 as goodwill. '£he board, decided that it was eontrnry to the policy of tho Crown to allow trafficking in such leases, and in future the board will-not consider applications for tca-nete? unless the applicant has held the lease for at least two years, except very cpecial circumstances can be shown.
[The cable news in tills issue accredited to ••'The Times" Una appeared in that journal, but only where expressly Ktut«d is jucii nows MB editorial opinion ol "The Times."]
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19200528.2.54
Bibliographic details
Evening Post, Volume XCIX, Issue 126, 28 May 1920, Page 7
Word Count
184CROWN LEASES Evening Post, Volume XCIX, Issue 126, 28 May 1920, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in