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Excerpt from Mortgage Taxation and Interest Rates: Abstracts of Mortgage Records in Certain Counties of New York, Massachusetts and Pennsylvania; Illustrating the Effect of the New Annual Mortgage Tax Law The effect of the new law on the rate and on the amount of money loaned in Brooklyn has also been gratifying. Because of the confusion of the records in Kings County for J Excerpt from Mortgage Taxation and Interest Rates: Abstracts of Mortgage Records in Certain Counties of New York, Massachusetts and Pennsylvania; Illustrating the Effect of the New Annual Mortgage Tax Law The effect of the new law on the rate and on the amount of money loaned in Brooklyn has also been gratifying. Because of the confusion of the records in Kings County for July, 1905, it has been impracticable to compute the average interest rate for the time immediately after the annual tax law went into effect; therefore, the period beginning October lst has been taken, so that exact comparisons can be made. The rate has been mills lower under the recording tax, and the amount of money loaned was increased, being nearly half as much again. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.


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Excerpt from Mortgage Taxation and Interest Rates: Abstracts of Mortgage Records in Certain Counties of New York, Massachusetts and Pennsylvania; Illustrating the Effect of the New Annual Mortgage Tax Law The effect of the new law on the rate and on the amount of money loaned in Brooklyn has also been gratifying. Because of the confusion of the records in Kings County for J Excerpt from Mortgage Taxation and Interest Rates: Abstracts of Mortgage Records in Certain Counties of New York, Massachusetts and Pennsylvania; Illustrating the Effect of the New Annual Mortgage Tax Law The effect of the new law on the rate and on the amount of money loaned in Brooklyn has also been gratifying. Because of the confusion of the records in Kings County for July, 1905, it has been impracticable to compute the average interest rate for the time immediately after the annual tax law went into effect; therefore, the period beginning October lst has been taken, so that exact comparisons can be made. The rate has been mills lower under the recording tax, and the amount of money loaned was increased, being nearly half as much again. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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