Note 1212 — Chapter II · : THE THEORY OF RENT AND ITS APPLICATIONS
R. (Robert) Richards translation
Professor Seligman (Essays in Taxation, 5th ed., p. 341) quotes an English law of 1672 relating to the widening of certain streets in Westminster in which the principle is neatly stated. But when it was proposed to apply it to certain public works undertaken in London in 1890 it was energetically opposed. It was admitted afresh in the Tower Bridge Act of 1895. A similar system is frequently adopted in America under the name of “special assessment” or “betterment.”