"There are many cases where landlords take advantage of the needs of municipalities and even of national needs and of the monopoly which they have got in land in a particular neighbourhood in order to demand extortionate prices. Take the very well-known case of the Duke of Northumberland, when a county council wanted to buy a small plot of land as a site for a school to train the children who in due course would become the men labouring on his property. The rent was quite an insignificant thing; his contribution to the rates I think it was on the basis of 30s. an acre. What did he demand for it for a school? £900 an acre. All we say is this—if it is worth £900, let him pay taxes on £900."
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