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Utopia/Dystopia

Garden Cities of To-morrow: Chapter Four. The Revenue of ...

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Before entering upon the question which presented itself at the conclusion of the last chapter—that of endeavouring to ascertain whether the estimated net available income of Garden City (£50,000 per annum) would be sufficient for its municipal needs, I will very shortly state how it is proposed to raise the money required for commencing operations. The money would be borrowed on 'B' debentures, 1 and would be secured by a charge upon the 'rate-rent', subject, of course, to the payment of…