In answer to this important question, the commissioners awarded that tenants who tendered twenty years’ purchase to their landlords, in cash, should be entitled to a discount of ten percent., and a deed conveying the fee-simple of their farms. Where the tenant preferred to pay by instalments, he should have that privilege; but the landlord would not be bound to accept a less sum than ten pounds at any time; nor should the tenant have a longer time than ten years to liquidate the debt. The tenants whose lands were not worth twenty years’ purchase, and who therefore declined to pay that amount, might tender to their landlords what they considered the value of their farms. If the landlord declined to accept the amount offered, the value should be adjusted by arbitration. If the sum tendered was increased by the award, the tenant was to pay the expenses; if it was not, they should be paid by the landlord. It was provided that the rent should be reduced in proportion to the instalments paid; but no credit should be given for any such instalments until the three years arrears allowed by the commissioners’ award were paid, nor while any rent accruing after the adjustment of the value of the farm remained due. Proprietors who held not more than fifteen thousand acres, or such as desired to hold particular lands to that extent, were not to be compelled to part with such lands under the award. Leases under a term of less than forty years were not affected by the award.
With regard to arrears of rent due, it was awarded by the commissioners that a release of all arrears, beyond those which had accrued during the three years preceding the first of May, would be for the benefit of both landlords and tenants.
With regard to the case of the descendants of the loyalists who sought homes in Prince Edward Island after the confiscation of their properties in the old revolted colonies, the commissioners considered that they had claims on the local government. His Majesty’s government, in 1783, felt the full force of the claims of their ancestors, and was sincere in its desire to make a liberal provision for them; but the rights which they had then acquired, when the proprietors had engaged to make certain grants of land for their benefit, were, unfortunately, not enforced. The commissioners recommended that the local government should make free grants to such as could prove that their fathers had been lured to the island under promises which had never been fulfiled.