The Sun.
London, England, 1842-04-25 00:00:00

SCHEDULE A.

General Rule for estimating Lands, Tenements, Here-
ditaments, or Ileritages.
The annual value of lands, tenements;hereditaments, or he-
ritages, shall be understood to be the rent by the year at which
the same are let at rack rent, if the amennt of such rent shall
have been fixed by agreement, commencing within the period of
.seven years preceding the sth of April next before the time of
making the assessment; but if the same are not so let at rack
rent, then at the rack rent at which the same are worth to
be let by the year; which rale shall ba construed to ex-
tend to all lands, tenements, and hereditaments, or heritages.
capable of actual occupation, of whatever nature, and for
whatever purpose occupied or enjoyed, and of whatever value,
ex ept tithes, dues in right of the Church, manors, fines for
demise of land and tenements, quarries, mines, iron works,
.gas works, salt springs, canals, docks, drains. levels, fishings,
tolls, ra:lways and other ways, fridges, ferries, and other con-
cerns of the like nature. 'these are to he estimated variously
-7s-titlies, for, instance, on an average of three sears if taken in
isied, and if compounded for on the amount of the composition
ucr the year preceding s. manors, on. an averagd of the
seven preceding years; mines, on an aver age of five pars pre-
; and quarries, on the amounts of the
.profits for the
vreeeding year. 'Pee occupier of any lands, tenements, &c.,
lacing the tenant of the same, and paying the duties, shall de-
duct so mirelethereof from the rent payable to the landlord, as
a rate of sevenpence in the pound would by a just proportion
amount unto. Certain exemptions are allowed as respects the
:amount of tenths and first fruits, collegiate churches and chi-
refs, colleges, hospitals, &c.
SCHEDULE B.
The general rules for assessing and charging the
properties under schedule 8.. applicable to tenants, is given
above, front which our agricultural readers, we fear, will rot
derive much information. The following clauses for the estimate
of rents will be found more intelligible. When the amount
of rent of lands or tenements reserved in money shall depend,
on the price of grain, the estimate shall be made on the ave-
rage prices fixed in the year preceding the year appointed for
payment of the duty. The same rule applies to rents reserved
in grain, and also to rents which depend on the actual produce
..1 the lands. Every estimate of such property in Scotland
shall be made without reference to the coca or valued rents,
agreeably to the general rules laid down in Schedule A.
This schedule contains twenty-five long clauses, and extends to
eighteen folio pages, with rules for estimating the rent in par-
ticular cases, the amount of penalties, &c.

SCHEDULE C.
Rules for assessing and. cha•ging duties on annui-
tants. These duties shall be paid by the persons and corpora-
tions respectively intrusted with the payment of the annuities,
dividends, and shares of annuities therein charged, on be-
half of the persons, corporations, companies, or a ocieties entitled
thereto, their executers, administrators, successors, or assigns,
and shah be assessed by the Commissioners to be appointed for
those purposes ; and shall extend to all public annuities whatever
payable in Great Britain out of any public revenue in Great
Britain or elsewhere, and to all dividends and shares thereof

erhich shalt become payable after fifth day of April one thou-
sand eight hundred and forty-two.
The following Stocks are exempted :—First, the stocks or
dividends of any Friendly Society, established under an Act
passed in the 10th of Geo. IV., relating to Friendly Societies,
provided the sums assured by such society to any individual, or
to any person nominated by or to claim under him shall not
exceed the sum of two hundred pounds, or the amtunt of any

annuity or.annuities granted or.to be granted by such society-
to any individual, or to any person nominated by or to claim
under him, shall not exceed the sum of twenty pounds per

annum.

..... .
second—The stock or dividend; of any corporation, frater-
nity or society of perio:.s, or of anv trust, established for cha-
ritable purposes only ; or the stock- or dividends in the names
of any trustees applicable to the repairs of any cathedral, col-
loge, church, or chapel, and to no other purpose.
Third— The stock or divider,ds transferred to the accounts
in the books of the Bank of England, in the name or under the

description of the Lord High Treasurer of England, or of the
Commissioners of het !`,:ajesty's Treasury, or the Commis_
.loners for the Reduction of the National Debt, in pu. suance
of any Act or Acts of Parliament.
Fouith—The stock or dividends belonging to her Majesty,
in whatever name'the same may stand in the books of the Bank
of England, and alto the stocks or dividends of any accredited
Minister of any foreign State resident in Great Britain.
oto :t s , SCHEDULE D.

liDatitt4 to be charged in respect to trades, profes-
slops, S.:c.

• A's this.is the most important schedule, and also the
inoAt intelligible, we give it with little abridgement.
First Case—Duties to be charged in respect of any trade,
rnanufsitture, adventure, or concern in the nature of trade, not
coutained in any other schedule of this Act.
First.—The duty, to •be charged in respect thereof shall
be, computed, on a sum not less than the lull amount of the
balance of the profits or gains of such trade, manufacture,

adventure, or concern, upon a lair' and just average of three
years, ending on such day of the year immediately preceding
the year of assessment on which the accounts of the said
trade. manufacture, adventure, or concern shall have been
usually made up, or on the sth day of April preceding the
year of' assessment, and shall be assessed, charged, and paid
without other deduction than is hereinafter allowed. Pro-
vided always, that in cases where the trade, manufacture,
adventure, or concern, shall have been set up and commenced
within the said period of three years, the computation shall
be made for one year on the average of the balance of the
ptofits and gains from the period of first setting up the same.
second.—The said duty shall extend to every person, body
politic or corporate, fraternity, fellowship, company, or society,
and to every art, mystery, adventure, or concern carried on by
them respectively in Great Britain, or elsewhere as aforesaid;
except always such adventures or concerns on or about lands,
tenements, hereditaments or heritages, as are mentioned in the
first schedule.
est:matiro the balance of profit and gains
chargeable, no sum ' act a;oanit or deducted from, or
allowed to be set against o
oing,, on account of any r deducted fr( In such profits or
sum expended for repairs of
premises occupied for the purpose of
such trade, manufacture,
aiventure or concern, nor for ai:y
sum
xded,fo r the .apply
or repairs or alterations of any implements, utensils, or articles
employed for the purpose of such trade, Thi„„facture, adventure,
or concern, beyond the sum usually expended tor such
te,ees according- to an a veraq.- of three years preceding the rv'elar;
in_ which such asses.sment shlll be made ; nor on account of
loss rant connected with or arising out. of such trade, mann-
f/ciore, aduentute, or concern; nor on account of any capital
withdrawn therefrom ; nor for any =um etn?leyed or iutended
to be employed as capital in such trade,manufacture. aticen-
in
ere, or concern ; nor for any capital employed,
improve-
ment of premises oecupied for the purpo:es of such trade, ma-
nuf..eture, adventure, or concern ; nor on account or ender
auy pretence of interest which might have been made on such
gum if la; out at interest; nor for any debts except such
slehts, or such parts thereof, as shall be proved to the satisfac-
tion of the Commissioners respectively to be irrecoverable and
tiesperate ; nor for any average loss beyond the actual amount
of loss after adjustment ; nor for any sum recoverable under
an insurance or contract of indemnity.
.urth.—No deduction for annual interest.
Second Case.---The duty to be ehargreed in respect of profes-
sions,or vocations
employments, • , not contained in any other
schedule of this Act.