Practical Remarks Upon the Principle of Rating Railway Gas, Water and Other Companies (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. 1869. Excerpt: ... to ballast-pits. The total annual produce would have to be ascertained in the first instance, and also the total working expenses incurred in respect of "getting" the produce. An amount for tenant's profit must be determined, and this amount, in the case of mines, should be made upon a liberal scale, because, from the very nature of the work, there will always be a certain liability to accidents which, with the utmost possible care, cannot be avoided. The difference between the gross receipts and the working expenses and tenant's profits will give a certain rent, in respect of the total annual production, if the tenant had not rates and taxes to pay. Making'allowance for these, the residue is the amount of rent a tenant could pay, and which may be reduced to a fair royalty per yard, per ton, or per chaldron. With regard to the deduction to be made from the rent in order to arrive at the rateable value, the principles upon which they must be made have already been noticed when considering the question of ballast-pits. For a mine, like the ballastpit, will, as a whole hereditament, consist of parts, which of necessity must some time become exhausted, and of other parts which will cease to yield rent in consequence of the exhaustion of those parts. With regard to the tenure of mines, they in very many cases are occupied by persons who have spent much money in converting them from land with a certain quantity of minerals contained beneath, into colleries from which the minerals are in.process of being extracted. The rent paid by the occupiers in such cases is by no means a necessary criterion of the rent the mine, in its present condition, would let for from year to year; for, in addition to paying a certain rent or royalty per annum, they may have expended l...