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Since the entity is separate and distinct from others, if a problem occurs which leads to a massive liability, the individual is protected from losing more than the value of that one property. Many other properties are protected, when owned by other distinct entities. The vehicle licence fee varies depending on the type of vehicle and its cylinder capacity. Late renewal is subject to an additional charge which is 0.33% of the licence fee for each day overdue. This was evidently a concession to high ground property owners who had previously paid no rate. They believed, with justice, that he would return heavy industry to the former owners. In respect of the last, though, it is interesting how few current owners of these works require that visitors make appointments to view in advance. Also, wealthy foreign owners could not as easily demand bailouts if business went sour. The notion of sectoral specialisation is supported by another branch of recent analysis which involves understand...