دما
ant
or ant
12
levy on rateable value for 20 of gross revenue
as the limit of the contribution (subject as at present
to the cost of the garrison not being exceeded) is not only
not justified on its own merits but is likely to prove
unfavourable to this country. To the detailed arguments
adduced by the War Office They would only add:
*
(1) that there is the possibility that the recent
gradual fall in the price of silver may continue and that valuations of property may not be adjusted thereto, and
while there may be a recovery in the price of silver (though existing indications cannot be said to point in that direction), the fall that has already occurred is in any
case likely to be much more fully reflected in the yield of
revenue generally than in rateable value;
(2) that, while My Lords have not the material to
enable Them to make a detailed examination of the figures of
г
revenue
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