54 RATES AND TAXES 



a payment of rent to the landlord. The 

 tenant, of course, had to pay the tax on his 

 own profit, assumed to be five per cent, on 

 the value of his movables. Absentees were 

 rated double, both for lands and movables. 

 In this brief survey it is only possible to 

 notice the leading cases that bear on the 

 point at issue, namely, the supposed differential 

 taxation of land as shown in history. In 

 1692 and we may say that the modern 

 method of Parliamentary control of finance 

 dates from the Revolution of 1689 -- a< 

 tax of 45. in the was granted to 

 carry on the war against France. This 

 was levied on the rent of lands and houses, 

 but also on the stipends and salaries of 

 officials, and on the income from movables 

 estimated at six per cent, of the capital 

 value. Stock on land and household 

 furniture were not to be assessed, but of 

 course stock-in-trade was included. This 



