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only then when the resources of a country have 

 been developed to the fullest, and when population 

 lijis reached that point \vhere emigration should 

 step in to relieve the strain, that such a balance 

 can be struck as will enable the King to ascertain, 

 with certainty, the true value of the property 

 lie would dispose of. But, the advantages to be 

 derived from the sale of the land are this very 

 development of the resources of the country that 

 increase of population which invariably follows an 

 increase of wealth in short the material progress 

 of the country and it is to ensure the speedy 

 accomplishment of this end, that it is proposed, not 

 to compound for the estimated increase in the value 

 of the property to be disposed of, but to sell it at 

 present rates, bestowing the future surplus on the 

 purchasers, in consideration of the improvements it 

 is assumed they will make on their own estates. It is 

 conceded that great prospective gain must accrue to 

 one of the parties concerned the Land-holders. It 

 is conceded, also, that equal prospective loss must 

 result to the other the remaining, or the poorer por- 

 tion, of the Community. And it might be enquired, 

 by what principle of constitutional Government, 

 the King could justify or sanction an arrangement 

 which .involved a sacrifice of the property of one 

 class of the subjects of the State' that class the 

 interest of which in this instance it should be his 

 special province to guard in favor of another ? But 



