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Excerpt from How to Buy Land in Canada
The best means of obtaining a clear perspective of the financial results of such exchanges is to take a particular case as an example. Let us take the imaginary case of a man owning a property of 5000 acres in England, let at an average of thirty shillings per acre, and having an annual rent roll of £7500. Let us assume that the property instanced is mortgaged, as a considerable number of English landed estates are. For the purpose of our calculations let us put the mortgage down at £8 per acre, a total of running at 4 per cent. Interest, the annual interest payment being £1600.
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bound: 108 pages
publisher: Forgotten Books (May 13, 2017)
isbn: 1331475899, 978-1331475897,
weight: 5.6 ounces (