THE OBJECTIVE IN PRODUCTION 155 



and the land to-day is owned by a far greater number of 

 persons than in 1914 ; to this extent the old system of 

 landlord and tenant has been modified. It is safe to 

 predict that this process will continue. In fact the pro- 

 visions of the Agriculture Act in regard to compensation 

 will increase the desire of many landowners to sell, 

 although it may lead owners to wait until a farm is vacant 

 before they put it up for sale. 



On the other hand the high rate of interest now charged 

 by banks for advances of capital, and the lack of land 

 banks, may check for the moment the amount of land 

 thrown on the market ; certainly it will make it more 

 difficult for the sitting tenant to buy his farm when it is 

 put up for sale. 



(2) Landowners will be forced to farm, on a strictly 

 commercial basis, a larger amount of land than has been 

 the practice within recent years ; in fact ere long the 

 landowner may be found farming all the land which he 

 has not sold -as is the case in most of the continental 

 countries. 



(3) And if the landowner is to farm successfully, 

 there is no doubt that he should more and more adopt 

 the partnership system of farming ; and measures to 

 train the future farm managers should be taken. 



(4) There could be, with advantage, a considerable 

 development of commercial farming by companies 

 constituted for this purpose ; and the imit of such farms 

 would probably be about 5000 acres. 



(5) We must ever bear in mind the importance of 

 maintaining and increasing the number of our small- 

 holders ; they are an invaluable section of the agri- 

 cultural community — both socially and economically — 

 and their sons as they grow up provide the best type 

 of labour for tiic large farms. To secure the sound 



