Land Reform

The Diet (Parliament) decided last week that there shall be a great partition of property throughout the land.

No owner may own near a city or industrial centre more than 150 acres and in the eastern border lands more than 750 acres. All surplus property, under the meaning of the act passed by the Diet, is to be purchased from the landlords by cash and 5% bonds and sold to the peasant on credit terms extending over 40 years.