NON-RESIDENCE OF LANDLORDS. 195 



Then the resultant loss to the community from the latter part will be 

 (1 -X)\mC i + n [A, -(q-l) C,']} + (1 - X') (m'C 2 q + n'.A,) ; 

 and from the former part, at beginning of 1st year, 



XmQ + X'm'C 2 ; 

 at beginning of 2nd year, 



XmC % . q + X'm'Q . q + \n {A 2 - (q - 1) C s '} + X'ra,^ ; 

 at beginning of 3rd year, 



XmCtfv + X'm'Crfv + Xn {A,q - {qv - 1) Q'q] + X'n^qvi 



x-i 



at beginning of x + 1 th year, 



{(Xm + X'm') Qqif-* + (Xn + X'n'v*- l )A 2 - Xn (qtf- 1 - 1) C^\ {qv~)*-K 

 Hence, during the #+l th year, the whole possible loss of income will 

 be: — 



From expenditure of Proprietor, «{1 + l^ =x . x (qv * )"-"}. 



From Capital removed or destroyed whose profits would have been 

 expended without accumulation, 

 (m + m'q) C 2 — n (q — 1) C 8 ' + {n + n) A 2 + X\n(q - 1) C 2 ' -mC t - hA^ 



- X' {m'&q + n'A 2 ). 



From Capital removed or destroyed whose profits would have been 

 accumulated, 



x— 2 



{X [(mC 2 - n C,') qv*- 1 + n (CV+ A,)] + X'(m'C 2 q + n x A^v*"\ (qv—)*- 1 . 

 The greatest possible loss in this year, when v, I, m', n', X', each = 1, and 

 .•. m, n each = 0, will be 



and the least when /, X, X', each = 0, 



a + (m + m t q) C 2 - n (q — 1) C/ + (n + n') A r 



As far as the destruction of Capital is concerned the investigation, of 

 course, applies to the case of proprietors becoming absentees, and not of 

 their continuing so. 



The general effects of absenteeism may be thus enunciated. There will 

 in all cases be a loss to the home-revenue in those direct taxes whose 

 payment can be evaded by absence. There will, whenever there are 

 duties on importation and not on exportation, be a further loss of the 



BBS 



