RISKS TO THE STATE 



249 



become owners as well as occupiers. I have had 

 dealings with a great many large estates in recent 

 years, and it has always been a source of great regret 

 to me to have to break up these large properties and 

 yet to give the tenants no opportunity of buying their 

 farms in consequence of their not being able to bor- 

 row the purchase-money and repay the same on easy 

 terms. 



"Where a farm is in the occupation of the owner, 

 my experience is, generally speaking, that it is much 

 better worked and the land is made to produce more 

 than where the farm is simply rented and there is no 

 fixity of tenure. " (Signed) Walter Ludlow." 



