value of money," after the suffering which the in- 

 dustrious interests of the country have endured by 

 these experiments. It follows, therefore, that, as 

 these prices are inadequate to the present cost of 

 production, which is not an arbitrary sum, the 

 cost of production must be reduced, to restore the 

 balance, and to enable farming capital once again 

 to receive its " fair return." For as the Report 

 of the Committee states " the average price of 

 wheat for 1821 was 54y. 5d. per quarter. The 

 average price of the present year, to April, 1833, 

 is 53s. \d\ and although some of the charges con- 

 nected with general taxation, have been reduced 

 since 1821, yet the local burdens, such as poor 

 rate, and county rate have been grievously aug- 

 mented." The Committee of 1821 arrived at the 

 conclusion, that the returns of farming capital were 

 considerably below the ordinary rate of profit ; 

 " and no evidence adduced before your Committee 

 of diminished outgoings, contrasted with the change 

 of price in the interval, would warrant at this 

 moment a different conclusion." " Your Com- 

 mittee have already glanced at the increase of 

 certain outgoings borne by the farmer, which it is 

 clearly established in evidence have not been com- 

 pensated by a corresponding reduction of his fixed 

 money payments ; on the contrary, while the pro- 

 fitable returns from land have generally decreased, 

 the burdens to which it is subject have been aug- 

 mented. The poor rate is heavier, the highway 

 rate has increased, and the evidence would lead to 



