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The purpose of this paper is to critically examine the argument linking land registration to agricultural investment and to provide theoretical reasons as to why this linkage may not materialise in Africa within the short to medium term.

The paper takes the form of a critical review of the relevant literature on land registration, access to credit and agricultural investment; arguments are built on empirical studies found in the literature and theoretical concepts.

It has been established in this paper that the links between landed property registration and agricultural investments are made defective in Africa by factors such as poverty, lack of appropriate agro‐based infrastructure and the fact that land registration per se does not improve the profitability of agriculture, neither does it improve access to credit.

The fact that this paper is based on literature review may be seen as a weakness to some extent.

Even though previous researchers have looked at the relationship between landed property registration and agricultural investment in the developing world, they fall short of critically explaining why land registration has been found not to enhance agricultural investment. This paper fills the gap through a combination of various theoretical and practical arguments which could call for a rethinking on the policies for promoting agricultural growth. The rigorous theoretical argument may also provide the basis for further empirical research.

The purpose of this paper is to examine the impact of the land acquisition phase and site assembly of land for large scale infrastructure road projects and its impact on property owners. A review of one of the largest roadwork projects currently underway in Sydney Australia demonstrates the adverse impact that has resulted in property owners challenging the approach used by government to acquire land for this project. Similar case studies are used to set out the key measures that should apply internationally in mitigating challenges from property owners in the land acquisition phase. It further shows that while adequate statutory provisions are important, it is the practices of acquiring authorities that ultimately determine the success and expedition of this initial important phase of these projects.

In measuring the factors that impact the acquisition of land by negotiation in contrast to acquisition by compulsory taking, a case study methodology is used. In this approach, the author reviews two completed projects and the factors that contributed to their success. These are contrasted with the primary case study currently underway in Sydney, the WestConnex project in which a number of adverse factors have emerged that have impacted this project. The review of these cases examined provides options for reforms that should be adopted both in the WestConnex case and across projects internationally.

It is demonstrated that the impact of the land acquisition phase on property owners with limited ability to rehouse within the same or surrounding locations, results in increases to challenges. This factor has prompted increases in the number of cases that have proceeded to court and potentially impacts the public perception and site assembly phase of large scale road projects. The inability for impacted property owners to relocate themselves has resulted in a breakdown in the ability for acquiring authorities to achieve acquisition by agreement. This is evidenced by significant increases in the number of properties that have been acquired by compulsion since 2016. It is found that the operational provisions of the land acquisition processes were obsolete in NSW, particularly those leading up to acquisition that was originally designed to assist owners. The paper finds that the most important phase of a megaproject is the planning and consultation phase, which includes most importantly the way in which impacted owners are informed, assisted and compensated. It is concluded that the processes engaged in by acquiring authorities rather than the statutory provisions available, will determine the success of the land acquisition phase and perceptions of the project.

The primary contribution of this paper is defining the changing landscape that has led to the adverse impact on property owners in the site assembly process for large scale projects. It identifies the reforms that will enhance opportunity for owners to relocate and rehouse which will expedite the acquisition phase of megaprojects and restore acquisition by agreement rather than by compulsion. This in turn will contribute to improve public perception of large scale projects in urbanised locations.

Considers rhetoric and discourse in financial accounting and how rhetoric/discourse was employed by the directors of a New Zealand property company. The particular case cited is that of the New Zealand Land Company 1882‐1890. Shows how land may be transferred from indigenous owners and redistributed by means of various discursive and accounting techniques. The sources used include archival records, parliamentary reports and articles from contemporary colonial newspapers. Concludes that the accounting information available provided a legitimizing discourse, which enabled some to benefit at the expense of others. Many of these observations are believed to be timeless.

The aim of this paper is to examine the expropriation, valuation and compensation practice. This paper tries to investigate how the expropriation and compensation laws are implemented when privately held land and attached real properties are taken for public purpose development in Bahir Dar city and surrounding. However, further research should be undertaken nation‐wide to explore the problems throughout the country.

The paper reports the findings of a survey of expropriatees from main practices throughout Bahir Dar city and its surroundings.

There is a big gap between the actual practice of expropriation, valuation and compensation and the Laws. Lack of application of standardized methods and procedures created situations of unfair valuation and compensation.

The practical implication is that the living status of affected people before and after expropriation could be useful.

The value of the paper for government officials, real property valuers and investors is that transparency, consistency and fair compensation are useful.

THE usual methods for obtaining data on the hydrodynamic characteristics of flying boats during flight tests involve motion pictures of an instrument panel and records of oscillograph traces. The analysis of the photographic records is so time consuming that the results are not always available when needed, and in many cases more data are accumulated than is physically possible to analyse. In order to conserve manpower and to obtain directly usable data, new methods have been developed for making quantitative hydrodynamic flight tests. The test techniques were devised to relate, whenever possible, numerical values to sensations experienced by the pilot of a flying boat during take‐off and landing.

The purpose of this paper is to establish whether a terminal value is a substantial amount of the final figure in a hotel’s valuation. Malta’s scenario has been delved into. This due to the fact that owing to Malta’s high population density and its restrictive land area, land values attract a high premium as compared with larger developed countries. Other matters such as earnings’ multipliers derived from a cap rate (initial yield), CAPEX has also been delved into.

The methodologies adopted in hotel valuation practice has been delved into. An extensive literature review is undertaken to analyse the earnings multiplier adopted by various authors over the past 30-year period. The hotel cap rate (initial yield) has been compared with similar yields adopted in the institutional and property markets and then compares to market-based data. A discussion is undertaken on the validity of adopting discounted cash flow, as against the short cut market appraisal approach. Capitalization rates, cap rates have also been referred to as obtained from the academic and practitioners field and compared. Depreciation and the anticipated annual accommodation charges have been analysed. A database of hotel rooms value over the past 20-year period has been referred.

A table outlines the earnings’ multipliers in perpetuity or for the limited expected design life for various cap rates. This data will act as a guide in guiding practitioners to establish an earnings’ multiplier to be applied in their valuation methodology. An example in the Appendix clarifies the manner in which this data table is to be utilized. The finding of this example notes that for this hotel in Malta, as constructed on private land, the terminal value for this development hovers around the 30 per cent of the market value.

This analysis is based on five valuations as undertaken on five hotels in Malta with classification grades varying from III to V. This notes that the terminal value varies within a range of 9-45 per cent of the total value. This analysis has to be undertaken for other countries for a global range of land terminal values percentages to be established.

Establishing the terminal value of a hotel business, will offer greater security for secured lending facilities required. It will further act as an important tool to establish the feasibility of a hotel development.

Updated insight is given to existing hotel valuation methodologies by delving into the workings of the earnings’ multiplier and establishes that in today’s market the terminal value of the hotel basis has to be accounted for. The above findings are based on a link between theory and practice.

The risk of aircraft runway excursion, dependent on multiple factors, is related to operating conditions. The purpose of this paper is to identify the correspondence between features belonging to different aspects that occur in runway excursion events, distinguishing between take-off and landing phases.

To define the correspondence between the characteristic features of runway excursions, this study has applied multiple correspondence analysis (MCA). MCA is used to represent and model data sets as “clouds” of points in a multi-dimensional Euclidean space. There are five variables used in MCA: geographical region, potential cause, aircraft class, flight nature and aircraft damages. For the purpose of this research, the database contains only runway excursion accidents that took place between 2006 and 2016 among all categories of aircraft in all world regions. The events contained in the database were analyzed by separating those that occurred during take-off and those that occurred during landing.

With this method, this study identified a few particularly interesting variable combinations. Generally, the consequence of an aircraft runway excursion is substantial aircraft damage. Also, the most common cause of runway excursion during take-off is aircraft system faults, while during landing, it is weather conditions. Furthermore, the destruction of an aircraft is a result of a runway excursion due to bad weather conditions, both during take-off and landing.

The results of this study can be used by a broad range of civil aviation organizations for runway risk assessment and to select the most effective safety countermeasures for runway excursions.

The authors believe this study is original, especially for the statistical analysis method used.

The purpose of this paper is to examine expropriation, valuation, compensation and rehabilitation practices and their impacts on expropriated households.

This study employed a mixed research approach. The target populations of the study were expropriated households in Debre Markos City from 2019 to 2022. The study uses purposive and systematic random sampling techniques. The data were analyzed using descriptive statistics, narration and thematic clustering.

The findings of this study revealed that the expropriation process was not participatory and the right holders were not treated as what is expected. It is further found that economic losses, moral damage and social disturbance payments were not considered in the compensation package. The displacement compensation given was also inadequate and sometimes delayed and the time value of money was not taken into account for delayed payments. This creates social and economic problems. The rehabilitation and resettlement program was inadequate and ineffective. The expropriation, valuation, compensation and rehabilitation practice in general lack transparency and accountability.

To ensure efficient and effective expropriation, valuation and compensation, there should be a well-organized government system that provides an accurate valuation on the one hand and restores the livelihood of the displaced on the other.

This paper is the first on expropriation, valuation, compensation and rehabilitation within the framework of transparency, accountability, effective rehabilitation and resettlement and institutional arrangements to ensure the sustainable livelihoods of affected households.

A study of the main parameters to be resolved for civil V/S.T.O.L. aircraft, the necessity for all weather operation, the airport requirements and the competition from other forms of transport. FROM a choice of a wide range of V/S.T.O.L. applications, this paper is concerned with the civil aircraft aspects. It deals with the main parameters to be studied in resolving V.T.O.L. and S.T.O.L. aircraft characteristics, the weighting of these toward favourable performance and to meeting the proposed certification rules for this form of transport. The part to be played by electronics in all weather operations is also discussed. Competition from surface transport, and V/S.T.O.L. airport requirements are referred to, and some general characteristics of the many different aircraft configurations are discussed. Some conclusions are reached suggesting the direction and weighting of future work.