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tory of agricultural products the material to be operated 

 on is the landlord the tools and labour are the tenants 

 the gross produce is subject to their joint claims in pro- 

 portions settled among themselves. 



In ordinary commercial partnerships, the principal 

 things by which the relative proportions of the partners 

 are regulated are three 1st, the amount of capital which 

 they severally advance ; 2nd, their individual competency 

 to transact the business ; 3rd, the time intended to be 

 devoted by them severally to the business. 



If these three things be equal with the partners if they 

 contribute the same amount of capital the same degree 

 of attention and have equal knowledge of their business, 

 they share the profits alike. 



If one partner conduct the entire business, and the 

 other be inactive or what is called a sleeping partner 

 the acting partner either receives a salary for his labour 

 in addition to his share on the subscribed capital, or he is 

 permitted to contribute less capital, and the sleeping part- 

 ner contributes the greater proportion thus supplying to 

 the concern in capital what he wants in individual labour. 



The case between landlord and tenant resembles part- 

 nerships of this nature ; the tenant is the acting partner, 

 contributing a small capital, but giving all the labour 

 necessary to realize the product ; the landlord is the 

 sleeping partner, he gives the land, which in a country 

 like Ireland, is usually of greater value than the capital 

 required for its labour and occupation. 



If the land be such that the tenant's labour, and the 

 capital employed in its improvement and cultivation, are 

 of value equal in amount to the marketable value of the 

 landlord's interest, then the net profits, after deducting 

 the expense of labour, should be divided equally between 

 them. 



If the landlord's interest be the greater, he should have 

 a greater share of the surplus produce than one-half. 



If the tenant's interest be the greater, he should have 

 the larger proportion in like manner. 



