THE RECLAIMED LAND LEASES BILL.

New Zealand Times, Volume LI, Issue 8446, 23 July 1888, Page 6

THE RECLAIMED LAND LEASES BILL.

TO THE EDITOR OF THE NEW ZEALAND TIMES. Sjr,— -Your leader on Friday, as well as previous articles on the above question, would seem to require a reply from me discussing your views in detail. I, however, remember that your proprietor is a leaseholder under the Corporation, and, as such, is virtually interested in the passage of the Bill through Parliament. This being so, I hold my hand.—l am, &c., T. Kennedy Macdonald,

July 21, 1888. [We beg that Mr Macdonald will not .extend the slightest consideration to the proprietor of this paper because he happens to be one of the unfortunate leaseholders referred to. It is exceedingly doubtful if he would take advantage of the new Leasehold Bill, supposing it became law, its provisions not being°nearly liberal enough. Quite as much might be compassed by simply insuring for tho result, providing fire does not upset calculation. We shall be glad if Mr Macdonald will write freely on the subject. We are sure he will recognise tho justice of the expectations of an alternative scheme from him, the one first proposed having been defeated through his action. We expect much from Mr Macdonald’s fertility of resource and profound knowledge of matters connected with land and finance.— Ed.]