1*73 Fropofals for Injlituting April 



which ingenious men may not difcover obje<9:ion8, yet, 

 that none can be urged againft the prelent propofals, 

 which may not be fatistacStorily anfwered ; and that, even 

 if fome difficulties fliould remain, they ought not to ftand 

 in tiie way of carrying a meafure into eifect, of fuch in- 

 finite public importance, which would lay the foundatiort 

 of rendering this country fuperior to every other for agri- 

 cultural Ikill, and confequently the moft likely to reach 

 the fummit of power and opulence. 



'J^he follozuing particulnrs iv'dl explain the Nature of the 

 proprfd Infl'itutwn. 



I. The propofed Capital. 



1600 fhares, at 50I. each - - L. 80,000 



It is alfo intended to admit half fliares at 25I. each ; 

 but the perfons holding them, though they will liave a 

 right to partake in the pecuniary advantages of the pro- 

 pofed inftitution, are not to be entitled to vote in the 

 choice of the direftors. The number of fhares, which 

 each perfon may hold, not to be reltricled. The direc- 

 tors to be annually chofea in London, and to meet there. 

 The books of the Society to be always open to the in* 

 fpe6lion of the fubfcribers. 



II. Propofed Expenditure. 



1. To the expence of eftablifhing eight ex- 

 perimental arable and grazing farms, in the 

 neiehbourhood of London, and in different 

 parts of the kingdom, at 4000I. each, on an 



average - - - ' . ^' S^j^^*^ 



2. To ditto for two upland farms, for im- 

 proving mountain ftieep, at 1500I. each - 3'°^-"-* 



3. To the expence of purchafmg 5000 acres 

 of land, inclofing, and planting them with larch, 

 fir, and other trees, and other expences attend- 

 ing the {i\me - - - _ - _ 35?°°° 



4. To a contingent fund, referved for inci- 

 dental and unforefeen expences - 10,000 



Xj. 80,000-- 



