Feoffees Minutes

The date on this meeting is not very clear, nor is the handwriting.  It is notable, however, for the fact that it shows that somebody was thinking about how low the rate of return was on the asset over 20 years ago.  “…the value of the land should be used as guide for how much rents should be i.e., $10M at 5% = $500,000.”

Other – Feoffees – 19900000 – Annual Meeting Minutes