Of the Principles upon, and Proportions in which the Rate is to be made.

Eliz. paned (1), and the manner in which the poor's rate ia impofed on real property, imply that it is to be levied on the clear profits of the produtl:ive fubjeCl, without further drawback. Lord Kenyon fcems alfo to have confidered that the fole queil:ion neceffary to determine its rateability is, " whether or not it produced a profit, or was liable " to incumbrances equal to the value of the property " itfelf (2)."