Rise in Value of Live-stock and Land. 31 



forty-six to two hundred and sixty millions 

 sterling, a gain of one hundred and fourteen 

 millions. 



It will be subsequently shown, when treating and in that 



of land. 



of the value of land, that within a somewhat 

 shorter period the increase of the land-rent of 

 this country, when capitalised at thirty years' 

 purchase, shows an increased value of three 

 hundred and thirty-one millions sterling. When 

 we add to this the increase of farm-capital, 

 through the rise in the value of live-stock, one 

 hundred and fourteen millions, there is the 

 amazing sum of four hundred and forty-five 

 millions sterling as the gain to the agricul- 

 turists — the landowners and farmers — and, in 

 higher wages, to the agricultural labourers of 

 the United Kingdom, from the improvement 

 of land and the general prosperity of the 

 country. I may, perhaps, be excused for quot- 

 ing the concluding words of my volume, written 

 in 185 I, at a time of great agricultural depres- 

 sion, when I stated that I believed the landlords 

 and tenants of England possessed energy and 

 capacity sufficient to meet and adapt themselves 



