This fund is raised by the rate of 6d.in the pound on the assessable value of the county of London, and redistributed among the boroughs in proportion to their population.
The general district rate is made and levied on the occupiers of all kinds of property for the time being assessable to any rate for the relief of the poor, subject to a few exceptions and conditions.
The sums borrowed must not exceed, with the outstanding loans, the amount of the assessable value for two years of the district for which the money is borrowed; and if the sum borrowed would, with the outstanding loans, exceed the assessable value for one year, the sanction of the Local Government Board may not be given except after local inquiry.
Heavy taxation, aggravated by unequal distribution of the burden, owing to insufficient survey of the assessable property, has also contributed to the decline of this and other branches of Spanish farming.
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