) The best answer to the landlords' meeting is, perhaps,
the letter from Lord Monck to the Times, which appeared on Monday. Lord Monck, who knows the subject profoundly and has governed provinces, says that the late Sir R. Griffith always said that 25 per cent, added to his valuation would represent a lair letting value. This is true still in three provinces, but in Ulster the valuation has recently been raised till it represents fair value, without the addition. Lord Monck finds that the rents usually charged in the cases as yet heard by the Sub-Commis- sioners are 51 per cent, above valuation, and ought, therefore, to be reduced 26 per cent, in three Provinces, and by much more in Ulster, or say, as most of the decisions have been given in that province, an extra 10 per cent. for that reason. Thus cal- culating, he finds that the fair rent over the whole group of cases yet decided would be £10,691. The rent fixed by the Sub- Commissioners is 210,592. The total action of the Sub Com- missioners cannot, therefore, have been "outrageous."
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