ABSTRACT
This chapter presents two categories of current reward from the holding of a proprietary land unit: rewards that are monetary and those that are not. It looks at each of the two types of current reward, discusses their characteristics in the general case, and explains the effect the attributes of a proprietary land unit might have upon them. The classical division of the social output of all productive effort into wages as the current reward to labour, interest to capital and rent to land provides with a convenient set of labels. The holder of a proprietary land unit who is looking to the unit for a monetary income will have to offset sundry outgoings from actual or potential rental revenue. In the future text, rental revenue will denote the gross figure actually or potentially receivable as rent and rental income as the net figure after deducting the appropriate outgoings.
