A true estimate of the value of leasehold estates, and of annuities and reversions for lives and years. In answer to a pamphlet, intitled, Sir Isaac Newton's Tables for renewing and purchasing leases. &c. and to a letter added to it intitled, The value of church and college leases considered, &c.

Date:
1731
Catalogue details

Licence: Public Domain Mark

Credit: A true estimate of the value of leasehold estates, and of annuities and reversions for lives and years. In answer to a pamphlet, intitled, Sir Isaac Newton's Tables for renewing and purchasing leases. &c. and to a letter added to it intitled, The value of church and college leases considered, &c. Source: Wellcome Collection.

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    founded, being, as is before obferved, that the Profit of the Eftate, with Intereft during the Term, lhould be equivalent to the Money- paid for the Leafe, with Intereft during that Time : If therefore the Profit of this Eftate i ' be not ioo /. per Ann. the Fine for this Leafe is not worth 1200/. becaufe the clear Profit of the Eftate will not be equivalent to that Sum with Intereft, but it will be worth fo much only, as, with compound Intereft for the 21 Years, is equivalent to the clear Pro¬ fit arifing from the Leafe. Let us therefore examine what the clear annual Value of this Eftate is, and by that we fhall judge, according to our Author's Tables, what fuch a Leafe is worth. In or- der to this, we muft make an Allowance for all Charges and Incumbrances the Church's Tenant is fubjeft to, in relpect of his Eftate. The firft Allowance to be made out of the full Rent of 150/. per Ann. is the referv'd Rent, which is 50 /. Next to that is the King's Tax, which for 21 Years laft paft has not been, and, accord¬ ing to the Situation of the Publick Affairs, we can't expect will in the Courle of 21 Years to come, be under 2 s. and fometimes 3 and 4 j. per Pound: I'll therefore compute it, one Year with another, to amount to 3 j. in the Pound ; and as Eftates are high Taxed in ali the Neighbouring Counties, it may be reafonably fuppofed, that this Eftate is Taxed at 140/. per Amu Eftates in great Part of
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