Tenant and Landlord. 105 



tenant. There does not live a more upright 

 honourable man in any class than the average 

 English landowner. But, with every acknow- 

 ledgment of his desire to be just and fair in his 

 dealings with his tenantry, it is vain to look for 

 enterprise and progress where there is no real 

 security. Whether that may be best attained 

 under the Agricultural Holdings Act, or by 

 special agreement without a lease, or by giving 

 such security with two years' notice in addition 

 to a lease, in one way or other security must be 

 given to induce such an adequate flow of capital 

 into the business of farming as will render it 

 effective. 



Owners in fee-simple, as well as tenants for 

 life, very frequently use the powers given by the 

 Land Improvement Acts. The principle of 

 annual repayment of the loan, by which the 

 estate is at once put under improvement and 

 the debt redeemed, commends itself to every 

 man who desires to retain and improve his 

 property. He borrows, at a fixed rate of 

 interest, on a security the augmenting value 

 of v/hich is all his own. Besides this, there are 



