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be made in these outgoings would be inadequate 

 to meet the present and the probable price of corn 

 under the present Corn Laws. 



That rent and labour are the great outgoings of 

 the farmer. 



That the price of labour should not be lowered, 

 and therefore the reduction of rent must be greater. 

 The extent to which it will be generally neces- 

 sary to reduce rent in this case, on the different 

 qualities of land, to meet 54s. a quarter, the pro- 

 bable average price of corn under the present 

 Corn Laws so long as we have no greater supply 

 of colonial corn, after Government have reduced the 

 outgoings which the law imposes to the extent of 

 10 per cent, on the general rental of the kingdom. 

 That to meet this average price of 54s. a quarter, 

 the reduction of rent must be considerable, notwith- 

 standing the reductions which may take place in 

 the outgoings on land which are imposed by law. 



That it is only by the reduction of the outgoings 

 on land that the farmer can meet the present and 

 the probable price of corn it is only by these re- 

 ductions that his condition can be improved. 



That though the reduction of rent must be con- 

 siderable notwithstanding, yet a moderate rent 

 will remain to the landlords; a "fair profit" to 

 the tenants ; and a field of employment for the 

 agricultural labourers; and the amount of this 

 reduction of rent would go out of the pockets of 

 the landlords into the pockets of the farmers and 

 the labourers. 



