58 REPORT— 1869. 



£ 



Under Schedule A 7 110,341,387 



Sum formerly charged under A, but since 1865 transferred "I Qf, ^-^ nni 

 to Schedule D as profits J ~ ' ' 



Total 145,309,378 



The assessment upon wliicL. the Cro^^n actually gathered the tax was 

 upwards of ^9,000,000 i^hort of this gross sum, the statement of the amoimts 

 "charged" standing, for the same year, thus: — 



£ 



Under Scliedule A 107,002,092 



Sum formerly charged under A, but since 1865 transferred ] cc^ «, . f,o.> 

 to D as jirofits J ""^ ' ' 



Total 130,134,024 



A difference between gross and net value of i!9,000,000 and more, arising 

 upon those properties which are stiU retained in Schedule A. 



What originally stood in Schedule A before any transfer was effected can 

 be shown in detail for the last year of the old scries thus : — 



Gross Annual Value of Propertij in Enrjland and Wales, Assessed under 

 Schedule A of Income-Tax Acts, Year ended oih April, 1865. 



1 . Lands, including tithe-rent charge 4<i,403,000 



2. Messuages 59,286,000 



3. Tithes (not commuted) 58,000 



4. Manors 189,000 



5. Fines 106,000 



6. Quarries D 520,000 



7. INIines D 4,277,000 



8. Iron-works D 1.248,000 



9. Fisheries D 31,000 



10. Canals D 786,000 



11. Eailwavs D ]3,882,0<M) 



12. Gas-works D 1,018,000 



13. Other property* 2,486,000 



14. General profilsf 387,000 



Total 131 34.3,000 



The principal items now placed under Schedule D have that letter marked 

 against the sum in the list above ; probably considerable transfers have also 

 been made from " other property " and " general profits ; " but this is certain, 

 quarries, mines, iron-works, canals, fisheries, railways, and gas-works hereto- 

 fore under Schedule A are now accounted for under Schedule D. 



In the British fiscal system real property suflfers an exceptional liability to 

 taxation. It bears fully tliree-fourths of our heavy and fast-increasing local 

 rates, and then in a variety of ways it is made to supplement the imperial 

 budgets. Here I may be permitted to remark that in this country we are 

 too much in the habit of discttssing our imperial and local systems of rates 

 and taxes as things apart, yet their conjoint bearing on the interests of the 

 holders of real property is obvious and practical. This opinion I had the 

 honour of indicating to Section F, in a brief paper, when the British Associa- 

 tion last met at Cambridge J. 



The amount of local taxation incident upon real property is now known 



* Salt-springs or woi-ks, alum-mines or works, docks, drains and levels; rights of 

 markets and fairs, tolls, bridges, and ferries. 



t All other profits arising from lands, tenements, and hereditaments or heritages not 

 in the actual possession of the party to be charged, and not before enumerated. 



J See the Transactions of the British Association for 1862, p. 162. 



