The rating of ships began in the 17th century, and was at first done roughly by size and number of crew.
The municipal rating value was, in 1880 £2,054,204, in 1901 £9,475,260, in 1908 (when the rate levied was 3d.
Later the rating was by guns.
Undoubtedly also commercial confidence was restored by the reconstruction in 1895 of the Bank of New Zealand, and activity has been stimulated by large public loans, while more cautious banking and the systems of taxation and rating on land values, adopted in 1891 and 1896, have done something to check land speculation.
All matters relating to the exercise of the powers of the education authority (except those of rating and borrowing) must be referred to the committee, and before exercising any of their powers the council must (except in cases of emergency) receive and consider the report of the education committee with respect to the matter in question.