148 CAPITAL AND MANAGEMENT. 



however, to be experienced we would have re- 

 course to an assessment, each party being 

 liable to be assessed who pays poor rates at 

 present. It is very evident that the schemes 

 which we have proposed, have one and all of 

 them for their object the reduction of poor- 

 rates, so that the assessment in all probability 

 would not at any time be experienced to be 

 heavier than it is at present, if so heavy, while 

 it would have this difference to recommend it. 

 Money paid as poor-rates is for ever lost to the 

 payer; but money paid for colonial rates 

 would only be money invested in colonial 

 stock, entitling the payer to rank as a share- 

 holder. Thus if a farmer or city merchant 

 paid 107. of rates, he would have his 3^ per 

 cent for his outlay, and 107. at the expiry of 

 the redeeming term with which to purchase a 

 farm for his son ; or he could sell his interest 

 in the company at any time to an emigrant or 

 other purchaser. An assessment, we repeat, 

 we have every reason to believe would not be 

 required, as merchants would always be found 

 willing to advance goods on receipt of the 

 company's bills. 



In starting this machinery, the first step 



