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.

    72/88 page 62
    [ ] Our Author, indeed, does not here tell us by whom, or what fort of People, they are that make this kind Confeffion ; but the Con- feiTion it felf fufficiently fhews, that (if they had not been Creatures of his own Imagina¬ tion) they could have been none but fuch fort of People as he had been juft before rea- foning with. Inf. 18 and i p, he thinks it lit to obferve, that a letting thcle Leales is ic felling the Eftatcs for a Time, and there- “ fore Churchmen, in order to do Right to <c themfelves, as well as others, fhould have cc regard to the Prices that Land is gene- “ rally fold at in the Countries where their “ Eftates lie, which, he fays, always follows a the Intereft of Money, and is not regulated ic only by the yearly Rent the Land is let <c for As to the letting thefe Leales be¬ ing felling the Eftate for a Time, I have be¬ fore fhewn they are not to be fo confidered, but are in the Nature of a Mortgage, and that the Values of them chiefly depend on the Quantity of the referv'd Rent, and of the Taxes and Repairs, and not on what Land is generally fold for. In eftimating the Value of Fee-fimple Eftates, the annual Profit of the Eftate ought to be equivalent to the In¬ tereft of the Purchafe Money, and if it is not by reafon of Taxes, Repairs, &c. which are uncertain and annual Incumbrances; yet the Purchafer has the Benefit of Improvements, and many other Advantages, as I have fhewn before, that Tenants of Leafeholds have not, which
    digitised image 1
    digitised image 2
    digitised image 3