A Treatise On the Principles of Rating

Cover A Treatise On the Principles of Rating
A Treatise On the Principles of Rating
George B George Brenchley Rosher
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G. W. Ry. Co. , 15 L. J. M. C.
80 ; 6 Q. B. 179.
2 L. B. 9 Q. B. 134 ; s. C. R. V. Bed- ford Union, 43 L. J. M. C. 81.
III. ] ENHANCED VALUE. 101 than he expected to make by it, he would not even give that if he could get a similar thing at a lower price. " 1 The two following cases are good illustrations. In R. V. North Ayles- R. V. North ford Union? the occupier of a chalk-pit, Avho was also a union.
cement manufacturer, realised large profits by turning the chalk into cement at a neighbourin
...g and separately rated factory. There were several other chalk -pits in the neigh- bourhood, the occupiers of which used the chalk for ballast- ing and other purposes much less profitable than cement making. It was held that the exceptional profits of this particular occupier could not be taken into consideration in rating him for the chalk-pit, because they would not influence the rent of the hypothetical tenant, who could get equally good chalk in the neighbourhood at a rent based on the lower profits of ballasting.

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