SECONDARY RESULTS 



111 



culture between the three interests concerned, it is necessary 

 to distinguish between net output as defined in the Census 

 of Production and what may be termed the net returns. 

 The net returns are ascertained by deducting from the net 

 output any additional expenses of the business not already 

 allowed for ; a sum representing about 7 per cent, interest 

 on the farmer's capital (this figure being^ based on current 

 rates for money), and one-third of the amount of the rent. 



Figures collected prior to the War go to show that about 

 40 per cent, of the net returns went to the farmer, the same 

 proportion to the workers, and about 20 per cent, to the 

 landlord, and the variations from these average figures in 

 individual cases were comparatively slight, even under 

 widely diversified conditions as to localities and types of 

 farming. It may not be without interest to examine the 

 effect which changes in wages and prices have had on the 

 distribution of net returns since 1914. The figures used for 

 the construction of the graph shown here are those of the 

 east midlands farm already referred to, and the starting 



