This page has been validated.
24
The Agricultural Holdings Act.
| The sum laid out in chalking land (say) | £70 |
| Less the exhaustion of 3 years, computed as follows: | |
| The whole improvement, £70, is exhausted in 7 years, therefore the exhaustion in one year is one-seventh or £10. This sum multiplied by three gives the amount exhausted | 30 |
| Therefore the sum due to the out-going tenant would be | £40 |
