Inquiry 1973

It will be clear that a rental leasehold system can capture both kinds of unearned increment merely by adjusting rates in proportion to the increase in land values, that is by charging economic rents at all times.” a) A rate on land is the most appropriate method of financing the services which council are authorised to provide under the LGA. b) The claim that ‘rates have reached saturation point’ is not established. Commission of Inquiry into Land Tenures, 1973