NATIONAL TAXES 55 



did not yield so much as was expected, 

 and in 1697 a return was made to the plan 

 of exacting so much from each locality 

 that is, every town and county. The plan 

 to be adopted in each locality was this : 

 A rate of 3$. in the was to be im- 

 posed on an assumed income from goods, 

 merchandise, and personal property, every 

 100 in capital value being supposed to 

 represent an income of 6, and the tax 

 was also levied on salaries from offices and 

 employments. Then here for our purpose 

 is the point of interest the residue of the 

 sums required was to be obtained by a rate 

 on real property ; that is, the rent of lands 

 and houses. 



This property tax of William III., which 

 was originally intended to bear in the first 

 instance on personal property and salaries 

 from offices, and only to be supplemented so 

 far as required by a tax on lands and houses, 



