Tables for renewing and purchasing of the leases of cathedral-churches and colleges, according to several rates of interest ... Also tables for renewing and purchasing of lives. With tables for purchasing the leases or houses / [Anon].

  • Mabbut, George, Steward of King's College, Cambridge, -1689.
Date:
1753
Catalogue details

Licence: Public Domain Mark

Credit: Tables for renewing and purchasing of the leases of cathedral-churches and colleges, according to several rates of interest ... Also tables for renewing and purchasing of lives. With tables for purchasing the leases or houses / [Anon]. Source: Wellcome Collection.

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    165 ] their Bargains and their Trufts, Churchmen fhould abate of their juft Dues to make them eafy, for that would be punifhing themfelves for other Mens Faults. *Tis indeed confefs’d, that if Pur- chafers could be allured that Churchmen and Fel¬ lows of Colleges would always take 1 Year’s Value for the Renewal of 7, they might well af¬ ford to give 15 or 16 Years Purchafe for a Leafe of 21 Years, and the Money would be well laid out, feeing the Intereft of Money is abated 5 but to purchafe upon luch a Prefumpdon, is certainly running too great a Hazard, feeing in fuch Cafe, they muft fuppofe the Parties concerned will be always blind, and never confider the common Rules of Proportion : Therefore it is prudent for Purchafers of fuch Eftates to be on their guard, and buy them at fuch Rates, that they may af¬ ford to give the Proprietors fomewhat nearer the true Value, when they come to have their Leafes renewed. The Calculations here mentioned, are taken from Tables that have been publifhed long ago, after they have been perufed and approved by one of the greateft Men of the Age, an 1 their Exadt- nefs has not been yet difproved by any one, that I have heard of. And here ’ds fit to obferve, that Churches and Colleges ought to confider that their letting Lea¬ fes, is felling their Eftate for a Time, and there¬ fore in order to do right to themfelves, as well as others, they fhould have regard to the Prices that Land is generally fold for in the Countries where their Eftates lie ; which always follows the Inte¬ reft of Money, and is not regulated only by the Yearly Rent that the Land is let for : For the Price of Land often alters, tho* the Rent conti- I nues
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