turns were to be equal to four rents, or 400/. 

 The reduction of price from 80s. to 54?. must at 

 once subtract 32^ per cent, from the gross re- 

 turns of his farm, reducing them from 400/. to 

 2701. 



If the charges remain the same, in what way 

 is this deficiency of receipt to be supplied ? It 

 often happens, perhaps most frequently, that a 

 farmer of this class possesses no property but the 

 stock upon his farm ; he makes no calculations, 

 he sets apart no specific portion of the pro- 

 duce for payment of the interest of the sum 

 invested upon the farm, or for the mainte- 

 nance of himself and his family ; but he lives 

 hard, and the means of a hard subsistence 

 are necessarily taken from the produce of the 

 farm as they are wanted; for they can by pos- 

 sibility be derived from no other source. Let 

 us then see in what way the gross produce of 

 400/. is likely to have been appropriated. 



Take the folio wing as a probable application* : 



* The calculations to illustrate a farmer's situation are 

 not offered as applicable in terms to every case ; on the con- 

 trary, it is known that they can perfectly coincide with only a 

 few ; but it is conceived that they exhibit a principle, which 

 is applicable to all, and that if this principle be so applied* 

 mutatis mutandis, the results will probably not be materially 

 dissimilar. 



B4 



