Note 49 — BOOK V. OF TAXES, AND OF THE PROPER APPLICATION OF THEIR AMOUNT. (continued 2)

That the assessments, in the annual act for the land-tax, are generally understood to be at the rate of 1, 2, 3, or 4 shillings in the pound, is true; but it is to be observed, that no such rate is mentioned in the statute with respect to real estates or land. The rate of a certain number of shillings in the pound occurs only with regard to personal property.