A Treatise of Taxes and Contributions: Shewing the nature and measures of crown-lands, assessements, customs, poll-moneys, lotteries, benevolence, penalties, monopolies, offices, tythes, raising of coins, harth-money, excize, &c.; with several intersperst discourses and digressions concerning warres, the church, universities, rents & purchases, usury & exchange, banks & lombards, registries for conveyances, beggars, ensurance, exportation of money [&] wool, free-ports, coins, housing, liberty of — John Shaqi
A Treatise of Taxes and Contributions: Shewing the nature and measures of crown-lands, assessements, customs, poll-moneys, lotteries, benevolence, penalties, monopolies, offices, tythes, raising of coins, harth-money, excize, &c.; with several intersperst discourses and digressions concerning warres, the church, universities, rents & purchases, usury & exchange, banks & lombards, registries for conveyances, beggars, ensurance, exportation of money [&] wool, free-ports, coins, housing, liberty ofPetty, William, Sir
History
A Treatise of Taxes and Contributions: Shewing the nature and measures of crown-lands, assessements, customs, poll-moneys, lotteries, benevolence, penalties, monopolies, offices, tythes, raising of coins, harth-money, excize, &c.; with several intersperst discourses and digressions concerning warres, the church, universities, rents & purchases, usury & exchange, banks & lombards, registries for conveyances, beggars, ensurance, exportation of money [&] wool, free-ports, coins, housing, liberty of
Petty, William, Sir
Finance -- Great Britain -- Early works to 1800; Great Britain -- Politics and government -- 1660-1688; Taxation -- Great Britain -- Early works to 1800
19. Having found the Rent or value of the _usus fructus per annum_,
the question is, how many years purchase (as we usually say) is
the Fee simple naturally worth? If we say an infinite number, then
an Acre of Land would be equal in value to a thousand Acres of the
same Land; which is absurd, an infinity of unities being equal to
an infinity of thousands. Wherefore we must pitch upon some limited
number, and that I apprehend to be the number of years, which I
conceive one man of fifty years old, another of twenty eight, and
another of seven years old, all being alive together may be thought
to live; that is to say, of a Grandfather, Father, and Childe;
few men having reason to take care of more remote Posterity: for
if a man be a great Grandfather, he himself is so much the nearer
his end, so as there are but three in a continual line of descent
usually co-existing together; and as some are Grandfathers at forty
years, yet as many are not till above sixty, and _sic de cæteris_.
20. Wherefore I pitch the number of years purchase, that any
Land is naturally worth, to be the ordinary extent of three such
persons their lives. Now in _England_ we esteem three lives equal
to one and twenty years, and consequently the value of Land, to be
about the same number of years purchase. Possibly if they thought
themselves mistaken in the one, (as the observator on the Bills of
Mortality thinks they are) they would alter in the other, unless
the confederation of the force of popular errour and dependance of
things already concatenated, did hinder them.
21. This I esteem to be the number of years purchase where Titles
are good, and where there is a moral certainty of enjoying the
purchase. But in other Countreys Lands are worth nearer thirty
years purchase, by reason of the better Titles, more people, and
perhaps truer opinion of the value and duration of three lives.
22. And in some places, Lands are worth yet more years purchase
by reason of some special honour, pleasures, priviledge or
jurisdiction annexed unto them.
23. On the other hand, Lands are worth fewer years purchase (as in
_Ireland_) for the following reasons, which I have here set down,
as unto the like whereof the cause of the like cheapness in any
other place may be imputed.
First, In _Ireland_ by reason of the frequent Rebellions, (in
which if you are conquered, all is lost; or if you conquer, yet
you are subject to swarms of thieves and robbers) and the envy
which precedent missions of English have against the subsequent,
perpetuity it self is but forty years long, as within which time
some ugly disturbance hath hitherto happened almost ever since the
first coming of the English thither.
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