46 THE AGRICULTURAL CLUB. 



He thought it was certain that in future farmers would be 

 taxed on Schedule D and not on Schedule B and that would 

 mean taxation either on profits from actual accounts or 

 on a hypothetical figure submitted by a surveyor. Such a 

 position would render it necessary for a farmer to keep 

 accurate accounts. 



Mr. Hewitt, as a smallholder, thought there were difficulties 

 but that the younger men would be prepared to take up the 

 system. 



Mr. F. D. Acland emphasised the necessity of having 

 accurate figures and records, otherwise the farmers would 

 never be able to convince the general public of their case. 

 He admitted it was a difficult matter to ask the farmer to 

 undertake as it would mean a good deal of accurate record 

 keeping. There was a Bill coming before Parliament which 

 would guarantee certain prices for agricultural products. 

 The Bill would be attacked very strongly by the party which 

 was now gaining strength in the country and unless farmers 

 were able and willing to produce cost accounts showing the 

 financial position of the industry then it was certain that 

 things would go badly with Agriculture. It was to the 

 interest of every one concerned to lend a hand to estab- 

 lish a system of costing. This, combined with an extension 

 of co-operation, was of the utmost importance to Agri- 

 culture and the work now being done in that direction 

 should make a big difference. He hoped the farmers would 

 regard the proposed system favourably and would realise 

 the importance of this matter both to themselves and to the 

 community. 



Subjects coming within the scope of agricultural economics 

 continually cropped up. One paper dealt with the market- 

 ing of one of the staple crops, viz., wheat. It approached 

 the subject from the standpoint of world production and 

 was entitled, " Realities of the Wheat Position at Home and 

 Abroad." The reader Captain R. T. Hinckes has given 

 very careful attention to the subject. He examined the 

 present position of wheat-growing in the United States, 

 Canada, Australia, India, Argentina, and Russia under five 

 headings, viz. : 



