METHODS AND PROBLEMS OF LOCAL GOVERNMENT 3OI kind that is commonly let at a rent, e.g., a house, the rent which a tenant would pay is the starting point of calculation; alternatively, the cost of site and building will be calculated, and the rateable value will be* the annual interest on this total. Another method is to take the amount of money which the property has earned in previous years as the basis. When, from the values so calculated, deductions have been made to meet the cost of keeping the premises in repair, a figure appears known as the rateable value. Then, if the rateable value of a< house is, for example, £100, a penny rate means that the occupier will pay 8s. 46. a year. Areas which contain depressed industries, and many poor and unemployed people, will clearly have the heaviest expenditure on social services j and the high rates which they are obliged to charge will discourage new industry. So the whole area may be caught in a vicious circle, the high rates and the poverty being both cause and effect of each other. Such a situation has been partly remedied by the de-rating,policy of the 1929 Act, which provided that no rates should be charged on agricultural properties, and that factories, workshops, and freight transport undertakings should be reckoned at one quarter of their rateable value. The result of th£ Rating Committee's work is a Valuation List, which informs each owner of a property, of the sum at which it has been assessed. Those who consider the assessment too high, can appeal to the Assessments Committee. The County is divided into Assessment Areas, which are some- times the same as Rating Areas, but country districts are grouped for this purpose by the County Councils. The Assessments Committee is composed of people appointed by the rating authority, and by the County Council; County Boroughs appoint their own Committee, but one-third of the members will not be Councillors. No one may belong both to a Rating and an Assess- ment Committee, so that the latter may be an independent body capable of judging the appeals fairly. The County Councils further appoint Valuation Committees to survey the work of assessment, and try to get the same methods adopted throughout the County.