| The Inter-State Commission was equivocal about hypothecation, but recognised hypothecated payments as contributions toward the cost of road use. |
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| If hypothecation is extended and the Treasury manages a series of accounts tying revenue to specific spending, they will lose some of this clout. |
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| The reason for this is that hypothecation reduces financial accountability in the absence of competitive market disciplines. |
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| Central agencies opposed hypothecation in the absence of financial market disciplines. |
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| The extension of hypothecation to road pricing is thus being described as part of a seamless process. |
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| Andrew Dilnot of the Institute for Fiscal Studies says hypothecation is just another way to raise taxes. |
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| Hostility to such hypothecation remains an article of faith in the Treasury, despite recent breaches such as the landfill tax. |
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| What conditions govern the sale and hypothecation of a fraction of divided co-ownership? |
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| But the Treasury retreat on hypothecation has been quietly under way for a while. |
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| While complete hypothecation is unlikely to be desirable, even in the Public Choice framework, some amount of ear-marking may be required to gain public confidence in the way economic instruments operate. |
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| As a sop to the party faithful, it included clauses allowing oil drilling in previously protected areas and ending the hypothecation of any petrol-tax revenue for public transport. |
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| As yet, the legal tangle which may arise where alienation of forest lands is forbidden, but hypothecation is permitted, has not been addressed in any of these countries. |
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| The purchaser will have to make known with the salesman any unspecified claim by a third person, goods in question, in particular in the event of data procedure entry or hypothecation of his goodwill. |
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| While hypothecation of revenues from emissions charges may, for example, not conform to all theories of public finance, some degree of ear-marking may well be a necessary concomitant to the initiation of such measures. |
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| There remains a case for identifying new sources of financial support, whether from hypothecation of charges for road use or from value capture from those whose property values rise as a result of transport investment. |
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| This could take the form of rules on the hypothecation or ring-fencing of money collected for transport security so as to ensure that it is spent solely and wholly on security. |
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| Either way, effectively the government is simply using the hypothecated tax as part of general revenue, and the hypothecation is a sham. |
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| It is, however, precisely here that the weakness of hypothecation lies, for governments are not likely readily to surrender control over the disposition of taxes they impose. |
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| Hypothecation came to an end in 1937 under the 1936 Finance Act, and the proceeds of the vehicle road taxes were paid directly into the Exchequer. |
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