Thank you, Mr. Chairman. You are right. It is not the same as ownership of the land, but you can transfer the land that you have in that lease to another person for the remaining amount of time. Most of the leases are in the range of 30 to 35 years. There are a fair number of years of interest in that which get transferred, as well. I am not saying that it is the same value as owned land, though. I would not expect it to be the same as owned land.
Mr. Murray on Recommendation 1
In the Legislative Assembly on June 29th, 2000. See this statement in context.
Recommendation 1
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
June 29th, 2000
Page 349
Murray
See context to find out what was said next.