London's Enormous Rent

I he London county etmncü reports that the valué of rental in London is ,500,000 pounds sterling-. Capitalizing this on the principal of twenty years' purchase, London is worth 4,250,)00,000 pounds sterling-. Mr. William Saunders, tlie leading meniber of the London county council in popularity with the people, says that this rent should not go into the hands of private 3arties who claim to own the land. He asks how thorc can help being poverty when the people who live in London must pay that enormous rent (3212,500,000) out of their annualearnings for the mere privilege of applying their labor ;o the prodncticm of more wealth.