Finance:Permanent grant

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A 999-year lease, under historic common law, is a permanent lease of property. Permanent lease locations are in Britain, its former colonies and the Commonwealth. A former colony, the Republic of Mauritius established legal precedent (The Raphael Fishing Company Ltd v. The State of Mauritius & Anor (Mauritius) [2008] UKPC 43 (30 July 2008)) on 30 July 2008[1] in respect of a 1901 'permanent lease' on the following islands of St. Brandon (Cargados Carajos) :

Royal Arms UK (Privy Council)
Name AKA
1.Île Raphael Raphaël Island
2. L'île du Sud (South Island, l'île Boisées) South Island, l'île Boisée
3. Petit Fou Island -
4. Avocaré Island Avocaré Avoquer, L'Avocaire
5. l'île aux Fous Fous, Ile Fou
6. L'île du Gouvernement Government Island
7. Petit Mapou Island Small Mapou
8. Grand Mapou Island Big Mapou
9. La Baleine Island Whale Island
10. L'Île Coco Coco Island, Île Cocos, Île aux Cocos
11. Île Verronge - Verronge Island
12. l'île aux Bois Wooded Island
13. La Baleine Rocks Island Whale Rocks Island

These islands were converted from a 1901 999-year lease to a permanent grant by the UK Privy Council in 2008.[2] The Privy Council judgment (Article 71) confirmed Raphaël Fishing Company[3] legally as "the holder of a Permanent Grant of the thirteen islands mentioned in the 1901 Deed (transcribed in Vol TB25 No 342) subject to the conditions therein referred to."[4][5][6]

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