We have now shown four cogent reasons why a given revenue should, in Garden City, yield vastly greater results than under ordinary conditions.
(1) That no “landlord’s rent” or interest in respect of freeholds would be payable other than the small amount which has been already provided for in estimating net revenue.
(2) That the site being practically clear of buildings and other works, but little expenditure would be incurred in the purchase of such buildings, or compensation for business-disturbance, or legal and other expenses in connection therewith.
(3) The economy arising out of a definite plan, and one in accordance with modern needs and requirements, thus saving those items of expenditure which are incurred in old cities as it is sought to bring them into harmony with modern ideas.
(4) The possibility, as the whole site will be clear for operations, of introducing machinery of the very best and most modern type in road-making and other engineering operations.
There are other economies which will become apparent to the reader as he proceeds, but, having cleared the ground by discussing general principles, we shall be better prepared to discuss the question as to the sufficiency of our estimates in another chapter.
CHAPTER V.
FURTHER DETAILS OF EXPENDITURE ON GARDEN CITY.
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.