The inducement held out to the public to accept such leases in preference to a freehold was the saving of capital involved in not paying for the land when taken up, but only interest on the amount. This, it was hoped, would suffice to render it popular with a considerable class of actual working settlers as distinguished from speculative buyers. It is only fair to say that in spite of every effort that could be made by the government, the system did not commend itself to the judgment or the prejudices of the persons interested to any very great extent. What they wanted--what it may be taken for granted is wanted by nearly everybody in dealing with land--was a fixed tenure. It was not enough to know that they had a lease for 999 years; they wanted to know what they were to pay for it, not only during the first twenty-one years, but at any time during the 999. Eventually this had to be conceded, and as the land law of New Zealand now stands the holder of a perpetual lease gets it for a rental of four per cent upon the original price fixed by government on the land, subject still, however, to the conditions as to residence and improvements on the land during the first ten years. Having abandoned this promising and theoretically perfect plan for securing to the state all state-produced increase in the value of the public lands, the New Zealand parliament was still anxious to secure for the country the other advantages held out by the author of the single-tax doctrine. These advantages may be briefly summed up in the words, the discouragement of large holdings and the prevention of speculation in future land values. To obtain these results without laying the community open to the charge of practical confiscation, which has been, and probably will always be, the strongest argument against the practical application of the doctrine of the single tax, as propounded by its author, was felt to be no easy matter. Even in New Zealand there were already some large freehold estates, and these naturally included some of the most desirable and valuable of the land. It was eventually decided to impose a land tax, the incidence of which would tend at least to discourage speculation, while it supplied revenue for the public expenditure.