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118
throws the whole burden of the cost of local
government in London on occupiers is inequitable.
2. That the cost of London Government should be
divided between the owners and occupiers.
3. That in order to secure this end buildings and land
should be separately assessed.
4. That rates should be levied on the annual value of
the buildings, and that these rates should be
paid by the occupier.
5. That rates should be levied on the annual value of
the land, and that these rates should, in the first
instance, be paid by the occupier, who should be
entitled to deduct the amount from his rent, as
at present in the case of the property tax; and
the lessee or under lessee in the same way to
deduct from the rent, payable by him respectively,
until each owner has paid the rates on
the amount of annual benefit he derives from
the land.
6. That all contracts which would relieve the owner
of the payment of these rates should be null
and void.
7. That where an improvement is effected at the
public cost, which specially enhances the value
of the land in its vicinity, the owner of the area
of enhanced value should be specially rated for
the cost of that improvement in proportion to
the amount of benefit derived.