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Chap. II - The Revenue of Garden City, and how it is obtained—The Agricultural Estate

Published online by Cambridge University Press:  05 February 2012

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Summary

“It is my object to put forward a theoretical outline of a community so circumstanced and so maintained by the exercise of its own free will, guided by scientific knowledge, that the perfection of sanitary results will be approached, if not actually realised, in the co-existence of the lowest possible general mortality with the highest possible individual longevity.”

—Dr. B. VV. Richardson, “Hygeia; or, a City of Health.”

“When drainage everywhere, with its double functions, restoring what it takes away, is accomplished, then, this being combined with the data of a new social economy, the products of the earth will be increased ten-fold, and the problem of misery will be wonderfully diminished. Add the suppression of parasitism and it will be solved.”

—Victor Hugo, “Les Miserables,” Book II., Chap. i.

Amongst the essential differences between Garden City and other municipalities, one of the chief is its method of raising its revenue. Its entire revenue is derived from rents; and one of the purposes of this work is to show that the rents which may very reasonably be expected from the various tenants on the estate will be amply sufficient, if paid into the coffers of Garden City, (a) to pay the interest on the money with which the estate is purchased, (b) to provide a sinking-fund for the purpose of paying off the principal, (c) to construct and maintain all such works as are usually constructed and maintained by municipal and other local authorities out of rates compulsorily levied, and (d) (after redemption of debentures) to provide a large surplus for other purposes, such as old-age pensions or insurance against accident and sickness.

Type
Chapter
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To-morrow
A Peaceful Path to Real Reform
, pp. 20 - 30
Publisher: Cambridge University Press
Print publication year: 2010
First published in: 1898

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