76 LAND-IMPROVING SCHEME. 



or oftener, before the 6 per cent, falls to his 

 eldest son and successor. It is the fruit of his 

 own industry, and he can bequeath it to his family 

 without interfering with the rights of his heir. 



Not only may landlords make provision for 

 their families in this manner; but also clear 

 their estates of allincumbrances where such exist. 

 There would also be this advantage attending 

 the scheme, that it would furnish that species 

 of employment which the labouring population 

 of Britain are at present so much requiring. 



The machinery of such a company or associa- 

 tion would be analogous to that of any life 

 assurance company, only on a more extensive 

 scale. Its principal office would require to be 

 in the metropolis every banking company a 

 branch, and every landlord's banker an agent 

 throughout the provinces. 



We have in the above example taken 6^ per 

 cent, as the interest paid by the tenant, because 

 it is a rate now generally demanded. This 

 sum would leave say 4^ or 4 per cent, for 

 interest to the establishment as lender, and 2 or 

 2^ per cent, as premiums with which to redeem 

 the principal borrowed. Landlords, however, 

 would not be restricted to 2 or 2^ premiums. 



