| 3. |
Tax all income above £200 a year, directly arising from land, a 6d. in the £ on yearly value—minimum tax on unimproved land, 1½d. an acre |
£250,000 |
| 4. |
Tax all other incomes above £200 a year. |
|
|
Tax every adult male not receiving £200 a year £1 yearly as voter's right fee (holders of miner's right exempt) |
250,000 |
| 5. |
Transfer from Land Fund to Ordinary Revenue 2s. 6d. per acre on all sales of public land throughout the Colony (say) |
100,000 |
| 6. |
Levy a tax of 2s 6d. an acre on all purchases of land by private persons from Natives, and a proportionate rate on leases thereof |
50,000 |
|
Total gain to Ordinary Revenue |
£650,000 |
|
Deduct loss as above |
531,254 |
|
Balance, as margin for deficiencies in either of the new heads of revenue, or as surplus |
£148,746 |
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