§ 62. Mr. Awberyasked the hon. Member for the Forest of Dean, as representing the Charity Commissioners, if he is aware that the trustees of the Forlorn Hope Estate, Bristol, particulars of which have been sent to him, are requesting tenant owners of houses to pay £112 10s. or 64 years purchase as the price for the ground on which their dwellings stand, the unexpired portion of the lease being 27 years; and if he will withhold his approval of this excessive demand.
§ Mr. Philips PriceThe Forlorn Hope Estate, Bristol, is managed as trustees by the Vestry of St. Nicholas by whom a general offer was recently made to their tenants to sell to those tenants the reversion to the 99 year leases under which those tenants occupy the property of the trust. The prices quoted were approximately 60 years purchase with a small addition for legal costs. These offers were made by the trustees on the advice of their surveyors. The trustees sought the general approval of the Charity Commissioners to their offering these freehold reversions at the prices quoted. Such approval was given on the ground that sales on those terms appeared to be advantageous to the charity. If any tenant thinks the price excessive, it is open to him to ignore the offer.