lt;x 



UIIVAI. i i'\iMiiei\ UN At. nil i i.n I:K. 



Ml:. O-l I 1 I '-'. 



.until. 



m.ie hinory. and his engine*, otherw i- his work;. ou)<i 

 -top- ll.iause 1 have- brought those- balance she-.-ts 

 here it does not necessarily imply tluil I agree nith 

 tin- method i.i them. 1 inherited tin-in, and 1 have- \>< 

 nirry thorn on. 



l.'fiSI. Kor tin- lieiietit l tin- ( 'HiniiisMon we should 

 like to MO*- whether there IN actually n profit or imt. 



pro-out ailvis-<l. 1 should think then- is 

 I HIII rather in-lined to ague with you. nnd in my 

 opinion the only tiling to do is to standardize your 



priow. 



l.TJl. I- then- anything in this for interest on 

 capital:- Th<> intoro-ct on your capital is your profit. 



The I'liiiiiiiuin : He has answeroel that already hy 

 -.iving tin-re is no charge for interest on capita]. 



l:fJ'J. l/i-. I'initlfii: 'I here i.s no charge for manage-- 

 mi-nt:- No- there is in tin- oMnag^ '"it not in the 

 balance -he-ct. 



i:.H. In the costings it is put at 1's. 9d. an a. 



i:'JI. Howe-vor. I will not go into figure* with 

 \ HI now. I will leave that until next time. !> 

 Mill run any pedigree stork on this I nun:- \Ve used 

 to, but 1 sold out last year. 



I.TJ-V That de>es OOBM in ill the year HH - - 



i.TJii i 1 . dgri-o siiM-k is not poor fanning, is it:- 



A gr.-at many tenant farmers go in for pi'digre-e 

 stock. 



IM-.*;. They are the exception, are they not:- I was 

 very strongly in favour of sell inn <>"* h<-eanse I 

 do 'not consider that pedigree stock is legitimate 

 farming. 



1896. I agree with you. To that extent, therefore, 

 the Imlnnce sheet of I!) I* is affected hy your having 

 had pedigree stock Yes. and affected on the losing 

 side. too. 



W2!l. They were carried .-n at a loss were th.-yr 

 Yes. 1 think KO. 



.l.'ttO. Your iiiTonnts end at Lady Dav. the (iili April. 



nil- 'i 



l:WI. Why did you n:t have the halance sheet to 

 ihe lith Ap'ril. I9l9f BeOMM it has not yet heen 

 printed. 



1-332. I rather expected that was the reason. May 

 we have it next timer If ' get it in time hefore I 

 < ome up again you shall have it 



4:W. Are the results at all eijinil to those in I'.Hs;- 



\Vi- have not got the halancc sheet out yet. and I 

 lannot tell you. I am dependent upon the valuers 

 lor the ultimnte figures. 



UUI. \\'ill Mill send me a not.- with regard to that.' 

 It will all appear in the Notes ol' the evidence. 

 although 1 do not suppose yon will trouhle to rend 

 it all through again as it is so long. \VilI you agree 

 with me il.at the prices of everything you had to huv 

 and expend on (he farm were very much im i 

 during last year than during Illlsy Yes. everything. 

 I should -a\ 



I :.">. The pri(e of wheat and sin\ ing seeds, and other 

 things, have- IN-CII fluctuating downwards:- Ye--, rather 

 downw ariK than up. 



\:W>. That would h ail \oii io , \p.-i i that li'l!) wonhl 

 In- a worse year than I ill.":- Yes. considerably. 



1337. <'an yon give tis any idea of the difference in 

 priced of ordinary feeding stuffs and implements at 

 the present m tin-lit eoniparr-l with what they were 

 l,.-tore lh<- war:- I could bring yon figures with regard 

 to thos.- actual hills. 



l.'l'K I do not want to over-hnrden your 1 do not 

 mind. It is all for the public :-ood. and anything I 

 Io to In-lp you I will do most willingly. I can 

 hring ynn invoices for neatly everything you want. 



l.Tlil. If you will put it clown on paper that will h- 

 Milli' ie-nt the cost cif the principal fin-ding stuffs. 

 <Miton cake, linseed cake, and so n: ^. 



l.'Un. I should very much like, if yon conld. from 

 Minr experience, work out the- av. -ra^i- cost ol grow 

 ing nn acre of wheat. You uj it i- done here, hut 

 it is not chine in the way I should like' to see it done. 

 I hi- i- the nearest you can get to it. is it: Do you 

 apply that cjuestion to my hirni- 



311. Yes. to MUM- own farm:-- I hnve had ex- 

 perience nil over the world. 



I.'U'J. I nm referring to \oiir farm in Northampton 



hire-, of course- These nre (he ni-lnnl ninonnls es 



p.-mhd on growing whc-at aflc-r be:, us. If a woman 



has boon in the held half a da\. it is hooked down: 

 \\onian, half a dav." 

 l.'ll.l Does the c-ost of fallowing nppear in MUM 



I. Ill I undeisi:>n<| Hi.,, in regard to one ol tlie-e 

 helils the crop is a -t'-leii crop, nnd it is not n fan- 

 test at all:' I U'licve in stealing crops where you can, 



!'<!'>. I look IIJMIII it as ;i had system <>l l.irinni(_ 

 It von look at it from one point, of view it may l>, 

 ..-i. -id. M.I had farming, but from another point of 

 view it is legitimate, and if yon can steal two crops 

 it in th.- h.-st thing to do. !..< atise farming in a busi- 

 . <itcr all. 



l.llii. Y.-s. hut is not the sxsiem that is usually 

 adopted in a locality the system which has heen provi d 

 to In- the IM st in tin- long run from the expcriciic 

 ol tarniei-s in the- past:- Very possihly that i- MX 

 The- same- thing would hold good in regard to the 

 I It. It in. hinder, and a chain horse, and a Inn- 

 driving it. 



IM17. No. that is an improvement in method:- Din- 

 goes with the other. 



l:U*. You do not siiggiwt that taking two wheat 

 , Kip- together heiielits the land, do your l/ooking at 

 it from a business point of view, if I can produce more 

 \\ln-.-it hy taking a second crop than I can produce 

 barley I am justified in doing it. 



l:U!>. But you leave, your land so much the worse.- I 

 do not think so, if you make- it up with artificial 

 manures. I do not Ix'lievo in sticking rigidly to n four 

 course s\stem. 



l.'(">o. My experience is different from yours. M\ 

 experience is that that practice leads to grief sooner or 

 later:- I have done it regularly for the- last four 

 years. 



Wl. I am not speaking of war time; I am speak 

 ing of normal times. However, vou do not agree -\ith 

 me-:- No. 



I-'^VJ. Mr. Aslilii/: 1 nuclei '-stood MIII to say in answer 

 to a question put to you this morning that the prices 

 of farm produce had risen l(l per cent, and of what 

 the" farmer buys I 'JO per cent. I understood you to 

 Cjiiote the Board of Agriculture- for those fi;.' 

 Would you mind telling me the source:- I am afraid 

 I cannot give 1 it you off-hand. The- paper was edited 

 hy Sir Henry Row. I cannot remember the date of it ; 

 it was a White Paper. 



l:(.Vt. I think \<ni might do \u-ll to have another 

 look at, it:- I was referring to it from memory. I do 

 not want to lie tied down to it, hut I think I cpioted it 



correctly. 



I.'IV4. As to your balance sheets Did wo not 



agree- to leave the ijiie-sti'in of the balance shoots until 

 I came- up again :- 



l.'t-V). Ye-s, hut 1 tliink some ef m\ tiienels 

 he-re would like^ a few [mints cleared up with le'gard to 

 them. Have- \<iu he-e-n farming the same- land the- 

 whole- of the M%ii.- sjne-o you have IM-I-II thei, Y.- 

 with the exception of ^1 acre's which we- lot part of the 

 linn-, but which I have- now taken Ime-k again. 



l:V><;. In 1!M I and HH.'i thi-re- are- i(e-nis lor ti-iianl 

 tight in addition in th- ge-neral v alnat i.m '- '- In MM 1 

 we- were- farming .'t.lHHI acres, and in liM.'i. :i. IlKI acreis. 

 and we let off tho land, which makes tho difference-. 

 We- lot off about 1'KI acre's' to a tenant farmer in 1915. 



I.T>7. In l!H(i you have a similar item:- Ye-s. we- hi 

 two farms away in that \e-ar. 



I.'{.V. OtherwiM the land that remains in hand at 

 the- present time lias liooii in hand over since- I'.Mo:- 

 Since I!H I. 



I.Viil. Did I understand you to say that this o-tnto 

 was purchased:- Yes. it was purchased. I he-lie-ve-, in 



1904. 



i:i<>. You could not te-ll tin- pun-base- price-? No. I 

 could not. 



Mil. Turning to your valuation, vein start in 1913 

 with a valuation of L'21 .<!> and you finish up in 1!>1 

 with a valuation of L'.'U.tM?. an increase of. roughly. 

 ClOlGOf Yes. 



I Hi'J. Ha- th.- principle of valuation remained the 

 s'.mo during the^ whole- of tho period I have- nothing 

 whatever to do with tho valuation. 



IMf>:i. You do not know - No. 



I !e,l. You could not t<-ll n* the le-ason for lh. ,1. 

 c-line iii the- valuation he-twce-n Idl I and l!l.">!- - Tin-re 



