loan, noun

Origin:
DutchShow more Translation of Dutch leening (found usually in the combination leeningsplaats loan farm, place).
historical
A system of land tenure whereby farmers paid the Dutch East India Company 24 rix-dollars per annum for the use of a farm of about 3000 morgen (approximately 2400 hectares). Usually attributive, especially in the noun phrases loan farm, loan place [see place], designating a farm held under such tenure; leenings-plaats sense a. See also leenings eigendom, ordonnantie, quitrent sense 2 a.
Note:
Introduced in 1717, the system was phased out under British rule, from 1813.
1798 Earl Macartney in S.D. Naudé Kaapse Plakkaatboek 1795–1803 (1950) 140I am informed that many irregularities are practiced by the farmers, in the present mode of noting new places, intended for loan-places in the office of the collector of land-revenue.
1804 J. Barrow Trav. II. 380The number of these loan farms registered in the office of the receiver of the land revenue, on closing the books in 1798, were..1832.
1806 J. Barrow Trav. II. 56Loan-farms..are the usual kind of tenure in the colony.
1806 J. Barrow Trav. II. 84The most ancient tenure is that of Loan lands. These were grants made to the original settlers, of certain portions of land to be held on yearly leases on condition of paying to Government on arrival rent of twenty four rix-dollars.
1809 Lord Caledon in G.M. Theal Rec. of Cape Col. (1900) VII. 185The Leening or Loan Place, A loan place is generally speaking a grazing farm which embraces a space of one hour’s walking (about three English miles) in diameter or half an hour’s walking in each direction from the house or beacon whence it is to be measured.
1811 J.A. Truter in G.M. Theal Rec. of Cape Col. (1901) VIII. 93Under these three principal titles of possessions namely loan, property, quit rent, I conceive all lands in this Colony which are possessed with any right may and ought to be arranged.
1813 Proclamation in Stat. Law of Cape of G.H. (1862) 47Every holder of a loan place, on his making application by memorial to the government for the purpose, shall have a grant on his place, on perpetual quitrent.
a1823 J. Ewart Jrnl (1970) 42Land Tax or Rent of Estates, which (with the exception of a few freeholds) are all held of government under the denomination of Loan Lands or Places, and at a rent for each place of twenty four rixdollars per annum, and the regular payment of this rent insures a perpetuity of the lease.
1843 J.C. Chase Cape of G.H. 132The tenures at present in use are — 1st, Freehold; 2nd, Loan; and 3rd, Perpetual Quitrent.
1844 Ordinance in Stat. Law of Cape of G.H. (1862) 689The term ‘land-rents due and in arrear’ shall extend to and comprise quitrents, loanrents, and all other sorts of periodical payments to the colonial government arising out of lands and due and in arrear.
c1881 A. Douglass Ostrich Farming 190They continued to allow the Company’s discharged servants and others to occupy patches of land, upon the payment of a small annual rental of £416s., called ‘Quitrent,’ and these patches were known as ‘loan places’. As the community spread farther inland, and stock-raising became the main industry of the people, the size of these places came to be about 3,000 morgen, or a little over 6,000 acres, which is recognised at the present day as the size of a full farm.
1927 C.G. Botha Social Life in Cape Col. 11The stock farmers..occupied ‘loan’ places. A ‘loan’ place was one granted on lease for a year; the lease had to be renewed annually. The farmer chose a suitable grazing place for his stock and registered this with government.
1941 C.W. De Kiewiet Hist. of S. Afr. 16In 1717 the Company decided to halt the issue of freehold land. Instead the farmer could obtain a ‘loan farm’ in return for an annual rent.
1963 R. Lewcock Early 19th C. Archit. 222By October, 1814, Dr. Mackrill..had chosen two loan farms which together might form the nucleus of the experimental agricultural station.
1966 E. Palmer Plains of Camdeboo 21Probably in the 1770’s the land was issued as a loan place and became the temporary property of one farmer. Loan farms were apportioned in the simplest possible way and were held at a nominal rent.
1980 E. Prov. Herald 30 May 3Lombard’s Post was a government loan farm granted to Peter Lombard in 1790.
1985 A. Tredgold Bay between Mountains 142Bruyns applied in 1818 for the loan place of Vischhoek, measuring 1308 morgen, to be granted to him under quit-rent.
1991 Settler Vol.65 No.1, 10Col. John Graham..established military headquarters nearer the Fish River. The site he chose was De Rietfontein, a loan farm formerly occupied by Lucas Meyer.
A system of land tenure whereby farmers paid the Dutch East India Company 24 rix-dollars per annum for the use of a farm of about 3000 morgen (approximately 2400 hectares). Usually attributive, especially in the noun phrasesloan farm, loan placesee place, designating a farm held under such tenure; leenings-plaatsa.

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17981991