150  THE  PROBLEM  OF  THE  UNEMPLOYED

applicants.  They  should  next  submit  to  the  County
Council  full  particulars  of  the  terms  which  can  be  settled
with  the  owner  of  the  land,  the  areas  desired  to  be
taken  by  each  of  the  intending  occupiers,  and  the  cost
of  the  buildings  necessary.  If  the  County  Council  approve
of  the  proposed  terms,  they  should  then  recommend  a
loan  to  be  made  by  the  State  to  the  Trustees  of  the
sum  necessary  for  the  erection  of  the  buildings  and  laying
out  the  property.
“  On  such  a  loan  being  sanctioned,  the  Trustees  would
acquire  the  property  and  erect  the  buildings,  and  the
holdings  would  be  allotted  to  the  respective  applicants.
Before  possession  was  given,  every  applicant  would  have
to  undertake  to  do,  within  six  months  of  entry,  the  fencing
and  certain  other  specified  work,  mainly  in  relation  to
the  out-buildings,  which  could  reasonably  be  required  to
be  done  by  the  occupier.  He  might  then  take  possession
on  any  one  of  three  different  systems.  He  might  (a)
sign  an  ordinary  agreement  of  tenancy  on  terms  agreed
upon  with  the  Trustees  ;  or  (b)  pay  at  least  one-tenth
the  cost  of  the  buildings  upon  his  holding,  executing  at
the  same  time  a  deed  stating  the  amount  remaining  due
from  him  for  the  same,  and  the  annual  charge  upon  it,
calculated  at  4  per  cent,  interest;  or  (c)  agree  to  pay
annually  6  per  cent,  interest  on  the  total  cost  for  a  term
of  25  years,  which  at  the  end  of  that  term  would  discharge ­
  his  liability  in  respect  of  the  buildings.
§  18.  Corporate  Tenancy  and  other  Co-operative
Elements.
Such  schemes  having  for  their  primary  object  the
business  aim  of  placing  larger  quantities  of  English  agrien  1-