GLASGOW LEASES.

Waikato Times, Volume 113, Issue 18930, 27 April 1933, Page 9

GLASGOW LEASES.

(To the Editor.) Sir, —With reference to a letter in the Times of' April 24 on Glasgow leases, and more particularly to the editor’s remarks thereon, may I point out that borough leases were specially exempted from the operation of the Act unless' the rent exceeded 5 per cent, of the unimproved value? In the explanatory memorandum published by the Attorney-General iri 1932 it States: “Section 37 of the Act (National Expenditure Adjustment, 1932) was included in the Act on representations made lo the Government by certain local authorities. . . . The effect of Section 37 referred to is to protect ground rents from reduction under the Act unless in any case such rent exceeds 5 per cent, of the unimproved value of the land.” The memorandum goes on to say that it is recognised that tills provision may operate inequitably as between those concerned, and that the Government would be prepared to consider any representations with a view to making adjustments in future legislation. It is quite evident that the only representations made were made by “certain local authorities," and those most deeply affected (the leaseholders) have had no say In the matter at all owing to the absence of any combination on their part.—l am, etc., E. J. STEVENSON. Hamilton, April 26, 1933.