MR FERGUSSON S STATEMENT. 379 



Brought over, L.1276 10 10 L.2S1 5 



Household and other expenses, two entries, 89 5 

 Assistance in threshing, . , . . 35 



* Seed for 37 acres, at 4s. 6d. . . . 889 



Crop, 87^ acres of wheat will yield as formerly, 492 



At the end of the third year L.I 408, 8s. 9d. has 

 been expended, and L. 773, os. received. 



FOURTH YEAR. 



Clears, fences, and sows, 62^ acres, at L. 4, 250 



Erects a thrashing-machine, . . . 80 



Builds some houses for feeding stock, . 20 



Household and other expenses, two entries, 112 10 



Sundry improvements about the house, . 40 



* Seed for 25 acres, in turnip and potatoes, 15 



Crop, 37|- acres wheat at former rate, . 210 18 9 



50 do. grass, valued at 120 



L.1926 15 7 L.1104 3 9 

 At the end of the fourth year the landowner 



is minus, L.822 1110 



The prospects of the farmer become better after the fourth 

 year, and on the assumed data he would soon become wealthy. 

 At the end of the fourth year, when the land has been cleared, 

 the farm, with buildings, furniture, stocking, and 1 00 acres 

 of growing wheat, may be valued at L.I 200. By the origi 

 nal statement the fourth crop has been reaped, in which case 

 the farm, with buildings, stocking, and furniture, may be 

 valued at L.750. According to my way of arranging Mr 

 Fergusson s statement, the purchaser of 200 acres of land at 

 the end of the fourth year is only worth L.427, 8s. 2d, or a 

 loser of L.172, 11s. lOd. By the original statement he is 

 worth L.1400, or a gainer of L.800 above his capital of 

 L.600, after maintaining himself and family. Mr Fergus- 

 son s statement of Canadian farming, like the Marquis of 

 Londonderry s application to Lord Liverpool, may be marked 

 with the words &quot; too bad f&quot; 



With due deference to Mr Fergusson s practical knowledge, 

 I may remark, that he seems to have forgotten the part of 

 the world in which Nichol is situated when framing his state 

 ment. How are people to be obtained for thinning turnip in 



