42 



land, establish the correctness of those previously 

 brought forward ; indeed, one example strengthens 

 and confirms the other. They also establish the 

 truth of the assertion, that, under the existing 

 circumstances of the agricultural classes, the gene- 

 ral rental of the kingdom must be reduced, to meet 

 the present prices, or an average price of 54s. a 

 quarter for wheat; and they show to what extent 

 it is too high on the different qualities of land. 

 They also show, that though at 54s. a quarter, 

 under the existing circumstances of the agricul- 

 tural classes, landlords generally will have to make 

 reductions of rent, yet, that the difference between 

 40s. a quarter for wheat, and 54s. a quarter, makes 

 all the difference in the world to the landlord and 

 tenant of the description of land we have been 

 referring to. J With the price at 40y. a quarter, 

 even on the second rate quality of strong land, the 

 landlord would receive no rent ; with the price at 

 54s. a quarter, he would receive a moderate rent : 

 and as this would be the case on the second rate 

 quality of strong land, of course it would be the 

 case with all land of the same value. On poor 

 strong land, with the price at 40s. a quarter, the 

 tenant would receive no profit, and the landlord 

 no rent ; while, with the price at 54s. a quarter, 

 the tenant would receive a moderate profit, and 

 the landlord about half his former rent. Thus, 

 low prices, occasioned by the introduction into 

 the market of this country of corn, not produced 

 by the employment of British and Irish capital 



