In December, 1889, Mr. Robert Giffen attempted to compute the capital value of realised property in the United Kingdom as it was in the year 1885. The following table is reproduced from that furnished by him, the figures being corrected according to the official Returns of Income-Tax Assessments for 1891-92. The estimate of the value of the capital is arrived at by taking what Mr. Giffen considered a suitable number of years' purchase of the income:—

Gross Annual Value of Property Assessed.	No. of Years' Purchase.		Capital Value.
Under: Schedule A—
Lands, rent-charges, tithes, &c.	£57,694,820	26	£1,500,065,320
Land with houses on it	140,584,063	15	2,108,760,945
Other profits from land	1,020,726	30	30,621,780
Schedule B—
Farmers' profits	58,120,843	8	464,966,744‡
Schedule C—
Interest from Public Government Funds, not English*	25,330,802	25	633,270,050
Sehedule D—
Quarries, mines, ironworks, &c.	13,258,052	4	53,032,208
Gas Works	5,119,992	25	127,999,800
Water Works	3,567,697	20	71,353,940
Canals, &c.	3,490,720	20	69,814,400
Fishings and shootings	698,641	20	13,972,820
Markets, tolls, &c.	618,567	20	12,371,340
Public Companies	60,438,687	20	1,208,733,740
Foreign and Colonial Investments	15,313,421	20	306,268,420
Railways in United Kingdom	36,444,911	28	1,020,457,508
Railways out of do.	7,367,950	20	147,359,000
Interest paid out of Local Rates, &c.	5,694,076	25	142,351,900
Other similar profits	1,824,717	20	36,494,340
Trades and Professions (taking one-fifth of the gross incomes as interest on capital)	37,915,239	15	568,728,585
Trades and Professions omitted from assessment, say 20 per cent. on amount assessed (£189,576,197), taking one-fifth of this income also as interest on capital	7,583,048	15	113,745,720
Income from capital of non-tax-Payers	75,000,000	5	375,000,000
Foreign Investments, not included under Schedules C and D	70,000,000	10	700,000,000
Movables, not yielding income			1,000,000,000†
Government and Local Public Property, say			550,000,000
Total estimated capital value			£11,255,408,560