The Short Title of this Act is “The Property-Tax Act, 1884.”

For the twelve months commencing on the first day of April, one thousand eight hundred and eighty-four, there shall be charged, levied, collected, and paid for the use of Her Majesty the several duties hereinafter mentioned, that is to say,—

But the duty lastly hereby made payable shall be calculated upon the premiums received by each such company in the twelve months prior to the thirty-first day of December, one thousand eight hundred and eighty-four, in respect of policies issued by such company.

And such respective duties shall be paid on such day or days, and either in one sum or by instalments of equal or varying amount, as the Governor in Council may from time to time direct.

The duties hereby charged shall be levied, collected, and paid under or by virtue of “The Property Assessment Act, 1879,” and the Acts amending the same, which Acts shall be read and construed with this Act and for the purposes of the said Acts, and any statement or assessment made thereunder, or any process or proceeding issued or taken in respect thereof or in relation thereto, the word “property” shall, in addition to the meaning given thereto by the said Acts, extend to and include every interest of any kind whatever which is or may be the subject of contract, or is capable of being valued or estimated for any purpose whatsoever.