The Alteration of the Constitution of the House of Commons, and the Inequality of the Land-Tax, Considered Conjointly (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1793 Excerpt: ...the advnnce of the rent thereof exceeded the average rate of the whole kingdom. But let it be admitted to have increased at an equal rate only; it follows, that the taxable income of estates of this divifion, has increased, from the year 1693 to 1793, in the proportion of 26-o85 to 12-45t; or in that of, (o,174.,5oo, toLt, o38,184.. But this latter sum was the amount of the payment of the remote divifion to the land-tax in t69 3: now the experience of that time demonstrated, that it was able to bear such a burthen, for nearly twenty years succeslively, and, during that term, to recover in a great measure from very depressed circumstances, and make large steps in the road by which it has fince led to a high degree os prosperity: and the former sum, L2, i74,5oo, being the payment of equal burthen, the inhabitants of that part of the country are now equally well able to bear it. Their proportional payment was before shown to be, (2, o7 5, ioo, which falls short of the tax of equal burthen, by, (99-4oo1' a year. Reasons of very great validity must be produced by the possessors of land in the remote distrift, to clz-ppose to the claims of their countrymen for redre 5 or equalization: and I will here put the defenfive argument, in which they seem to repose the most. confidence, in as good a light as I am able to place it. " From ' App.Art. 2. 5 4. 1-App. Art. 2. 5 5. " From the original impofition of the Land-tax (and a whole century has now elapsed fince that time) all contracts for estates in this district, have been made in full confidence, that this proportion of payment would be perpetual. lt is not a few individuals whofe interest are sacrificed to this innovation but the who1e'body of purchasers of land, for that whole term; who in number perhaps exceed...