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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 |