[ 26s ] 



Dates. 



let at 



Thus the fame farm in 1747^ fold at thirty years 

 purchafe for 1500I., would in 1796 at the fame va- 

 luation yield 6750I. 



And fuppofing the purchafer of one hundred acres 

 of land in 1 747 mortgaged it with counter-fecurity 

 for .1500I. he would have only 75I. interefl:, at five 

 per cent, per annum, to pay from that time to the 

 prefent, when the rent of the farm is increafed to 

 225I. per annum, which at thirty years purchafe 

 amounts to 6750I. producing a nett profit of 5250I. 



Should this account, which is founded on fad, flare 

 gentlemen in the face as an exaggerated calculation, 

 they may fatisfy their judgments concerning it by 

 examining their old leafes granted prior to the Scotch 

 rebellion in 1745, compared with the advanced rent 

 their tenants are ready to offer in 1796. 



I forefee that my valuation of paflure land in its 



highcd degree of culture, at 3I. 10s. per flatutc 



acre exclufive of fences, will be objefted to by the 



graziers, under the idea of their not being able to 



pay fo much rent as cow-farmers, 



To 



