It was also used in the calculation of rates of interest.
The Agricultural Rates Act 1896 gave effect to this recommendation.
It may mean what is ordinarily understood by the word - climate, rainfall, railway rates or anything else except " indestructible powers of the soil."
As instances of " collateral " covenants, we may take a covenant by a lessor to give the lessee a right of pre-emption over a piece of land adjoining the subject of the demise, or in the case of a lease of a beer-shop, not to keep any similar shop within a prescribed distance from the premises demised, or a covenant by a lessee to pay rates on premises not demised.
The words, " rates, taxes, assessments " point to payments of a periodical or recurring character.
