All boats, large and small:[244] the oars are not counted, but the nets and lines which follow the boat are reckoned at half-a-hundred. The half-decked vessel, with nets and lines, ranges from 100 to 1·50.

$40 in specie: $20 represent the half hundred, and nothing below it is cessible.

240 head of fish, which must weigh 2 lbs. In 1770, 48 head were = $1 (specie); the value often changes, but the modern rate of the Fiskvirði (worth) may be assumed at about 12⅜ skillings (or in round numbers, 3d.).

In 1770, 24 ells of Wadmal = $1: now the ell may represent 24¾ skillings.

Former travellers represented the direct taxes to be tithes, church and poor rates, with the Sýslumenn’s stipends ($1·50 specie, according to Hooker). They also divided the items of taxation into five, viz.:

1. Skattr, Scat, or tribute,[245] originally the poll-tax levied by the king on the franklins (Skattbændr), and afterwards more generally applied. This cess is paid when movable property in hundreds (cows, sheep, etc.) exceeds the number of individuals composing the household, or to be maintained upon the form. De Kerguelen describes it as a “tax of twelve francs contributed by heads of houses whose income surpasses sixty francs.” In 1810 it was represented by 4·50 skillings per ell of Wadmal, converted into specie, or so many fishes, twenty-four to thirty head being = $4 to $5. In 1872 it is neither more nor less than forty; for instance, a household of seven souls and eight hundreds pays forty fishes, and the same sum would be levied upon seven souls and ten hundreds. All officials, priests, and candidates of theology, are exempt from this tax.

2. Gjaf-tollr (gift toll) was so called because at first it was supposed to be, or rather it was, a voluntary payment to the Sýslumaðr and Prófastr for overlooking or winking at small offences punishable by a fine. It is said to have been paid as early as 1380. The French traveller, who held it to be a voluntary contribution for supporting legal establishments, lays it down at sixty centimes to six francs. The rate of Gjaf-tollr, which also is levied only on movable property, now represents:

1fish per50
2”100
3”200
4”300
5fish per400
10”500 to 900
12”1000 to 1200
20”1200
And above 1200 nothing more is taken.

3. Lögmannstollr dates from the days of Icelandic independence, and, representing the salaries of the Presidents of Things (assemblies), was preserved in memory of the ancient grandeur of the island. Formerly, it was thirty-five centimes per head of house. It is independent of hundreds, and paid in money at the rate of 6¾ skillings per farm. In case of sub-letting, it increases; for instance, if a proprietor leases half his land to another man, both pay 4½ skillings. The Sýslumaðr receives one-sixth for the trouble of collecting it, and the rest is paid into the public Treasury of Reykjavik under the Landfógeti.

4. Althingistollr was a property tax paid, according to Cadastre, for the support of the Diet. Each deputy formerly received nine francs per diem, and now $3, besides his travelling expenses coming and returning home.