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The Pamphlet Collection of Sir Robert Stout: Volume 14

50.—An Error Combated

50.—An Error Combated.

It is sometimes said that in levying the Land Tax the principle of the statute 4 W. & M. c. 1 is observed. But this is not the case; the principle of that statute was to tax real property according to its full, true, actual value. I imagine that the mistake of supposing that the principle of the statute of the 4 W. & M. was preserved in the subsequent statutes, commonly called the Land Tax Acts, arose from the circumstance that the proportion in which the various Counties, Towns, and Districts had contributed towards the assessment made under that Act was recognized by the Legislature as the proportion to be adopted in future assessments. This sufficiently appears from the following recital towards the end of the reign of Anne, "and whereas the sums which were assessed by virtue of the Act for the former aid of 4s. in the page 197 pound, which was made and passed in the 4th year of the Reign of their said late Majesties King William and Queen Mary, do not only govern the proportions set upon every County, City, Riding, Town, or other place hereby charged, with a certain sum in this Act set down and expressed, but are also to regulate the proportions of the half parts thereof in every Hundred and Division respectively, &c," m.