LAND-IMPROVING SCHEME. 75 



while yield shareholders a fair rate of interest. 

 Supposing, therefore, that at the birth of a son 

 or daughter, for whom a father wished to make 

 provision, that he shall insure 1000/., or any 

 other sum being invested in the soil, in the 

 shape of permanent improvements returning 6^ 

 per cent., and that he shall guarantee, by assig- 

 nation or otherwise, that this interest shall be 

 regularly paid in the shape of annual premiums 

 into the funds of the establishment, it is evident 

 that he can obtain the 1000/. from this source 

 on procuring a policy and executing a deed of 

 security. 



At the expiry of the first term, or when the 

 10007. has been redeemed, the landlord has still 

 the 6^ per cent, paid him by his tenant with 

 which to obtain a second 1000?. It is this 

 second 1000/. with which we propose purchasing 

 an annuity from the funds of the establishment 

 for the son or daughter of the landlord, as the 

 case may be ; or the 1 OOO/. may be given in 

 dowry to his daughter. 



At the expiry of the second term, the 6 J per 

 cent, may merge into the rental of the landlord's 

 estate; or, if his family is large, he may provide 

 by will that the 10007. be three times redeemed, 



