But if not lightened, taxation is at least better apportioned than formerly.
The school tax is apportioned among the counties in proportion to their taxable property.
One important point of difference is that under the latter act the council may resolve that the expenses shall be apportioned among the owners not merely according to frontage, but according to the greater or less degree of benefit to be derived by any premises from the works.
The proceeds of the sale of public lands donated to the state for educational purposes, and all escheats to the state, constitute a trust fund, the interest from which, with the proceeds of all fines for the violation of state laws, is annually apportioned among the school districts according to the school population; the total apportionment from the State Tuition Fund in 1908 was $357,238.
Of the net profits, a dividend of 31/2% is first payable to the shareholders, 20% of the remainder is transferred to the reserve until this has reached a total of 3,000,000, and of the remainder again a quarter is apportioned to the shareholders and three-quarters falls to the imperial exchequer.
