PRACTICAL ADVANTAGES 283 



40- acre holdings, and capable of accommodating over 

 200 separate tenants. Thus the connecting link was at 

 last fully established, and the difficulties which Lord 

 Carrington had previously experienced were no longer 

 encountered, while a substantial impetus was given to 

 the general movement. 



One fact of paramount importance which must be 

 borne in mind is that Lord Carrington let the farms, of 

 217 acres and 265 acres respectively, to the Small 

 Holdings Association for precisely the same rent as he 

 would have asked from two large farmers. Even 

 allowing for increased cost of management, etc., the 

 average land-owner would naturally expect to get a 

 higher return from his land when it is occupied by 200 

 tenants than when it is rented by one or two. By 

 pursuing the course he adopted, Lord Carrington 

 enabled the association to start with a great initial 

 advantage in the apportionment of the rents to be paid 

 by the occupying tenants. 



Then, as the half-dozen gentlemen forming the 

 association had, though guaranteeing Lord Carrington 

 his rent, themselves subscribed no capital, they had no 

 interest to provide for, and they sought for no pecuniary 

 profit on what they had done. So the rents to be paid 

 by the occupying tenants need only be such propor- 

 tionate amounts as would make up the sum total to be 

 paid to the land-owner, plus an addition of about 10 per 

 cent, to cover certain expenses. Mr. Winfrey, who 

 fills the r61e of managing director, receives no fee or 

 remuneration in any form, but there is the commission 

 paid to the very competent steward and surveyor to the 

 association, Mr. J. H. Diggle, to be covered, and one 

 or two other things besides. The entire management 

 is practically in the hands of Mr. Winfrey and Mr. 

 Diggle, the association meeting, as a rule, once a year 



