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 CHAPTER V.

To make this chapter interesting to the general reader would be difficult, perhaps impossible; but if carefully studied, it will, I think, be found to abundantly establish one of the main propositions of this book—that the rate- rent of a well-planned town, built on an agricultural estate, will amply suffice for the creation and maintenance of such municipal undertakings as are usually provided for out of rates compulsorily levied.

The net available revenue of Garden City, after payment of interest on debentures and providing a sinking fund for the landed estate, has been already estimated at £50,000 per annum (see Chap, iii., page 42). Having, in the fourth chapter, given special reasons why a given expenditure in Garden City would be unusually productive, I will now enter into fuller details, so that any criticism which this book may elicit, having something tangible to deal with, may be the more valuable in preparing the ground for an experiment such as is here advocated.