282 COST OF CONVERSION 



local tradesmen or innkeepers, and use the land in 

 connection with their occupations. 



In this case, again, the cost of adaptation has 

 been small ; 36 was spent in fencing and build- 

 ing cow-houses, and 133 on draining. In both 

 cases 5 per cent, interest is received on the outlay 

 over and above the sum received for rent. 



The figures given as increase of rent can there- 

 fore be looked upon as a net yearly profit on the 

 transaction. It should be admitted, however, that 

 1,500 has been laid out in the immediate district 

 in putting up bungalow cottages, etc., with a view 

 to attracting visitors to the place. Indirectly, this 

 has its effect on letting the land at a good price, by 

 adding to the prosperity of the village tradespeople 

 and innkeepers, who figure largely as the new 

 tenants. 



On this farm, as mentioned above, a stone barn 

 has been converted at small cost into a good work- 

 man's cottage. The inside measure was 38 feet 

 5 inches by 17 feet. The ceiling joists have been 

 put in at 9 feet, and the place divided into a 

 kitchen, pantry, and three bedrooms. The dividing 

 walls where there are chimney-stacks are built of 

 brick ; the other dividing walls are of matchboards. 

 Each bedroom has a fireplace. 



The total cost has been 70, of which 30 is due 

 to material and 40 to labour. The cottage will be 

 let at 6. 



