Penfold On Rating Practical Remarks Upon the Principle of Rating Railway Gas

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Penfold On Rating Practical Remarks Upon the Principle of Rating Railway Gas
Penfold
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//crcdifaDiciif could ho improvrd. Noav, whose business is it to *y y impr ove an heredita ment — that of the huidlord, or that of the ^ f, /^ fe ienant from year to year ?
, t0f^'^^ "When I read the report of the Phaniix case, it occurred to me that if the above argument had been advanced, the decision of the Court might have been different.
The Court of Quarter Sessions found " t hat 17j pe r cent, was a fair per-ccntage to al l ow o n tenan t's capitaL" This was made up thus : — Interest, 5
...per cent. ; trade profits, 10 per cent. ; risks and casualties, 2^ per cent.
This was the first time in the history of the rating of gas works in which a claim for risks and casualties had been made, although I had previously heard the claim (to the extent of 5 per cent. ) made in the case of railways.
Although the discussion of this claim, so far as railways is con- cerned, is somewhat anticipatory, yet, as the point Risks and casual- qqqxiys here naturally in the case of gas and water ties.


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