Abstract
for this country in a period of 70 years of rapid urbanization. The statistical procedure is based on the following considerations: Expenditure on house room minus the running costs of providing it determine the composite value of a combination of building and land, called dwelling. In this combination, for the purpose of determining the shares of this composite value attributable to building and site respectively, building is treated as the factor which can be reproduced at a certain cost. Its value, therefore, cannot, except for a very short time, exceed its cost of reproduction.4 The site is the specific factor.5 Its value is equal to the value of the combination minus the value of the cost factor.6 Schedule A of income tax contains figures on
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