ITS LESSONS AND ITS WARNINGS 85 



for cultivation and furnished with cottages. 

 After the 68 years all payments would cease, 

 but the purchaser would be an absolute owner 

 as soon as the agreement was signed subject 

 of course to the payment of the annual instal- 

 ments. 



If only 10 millions of the 12 millions of acres of 

 poor grass in England and Wales were treated in 

 the same way, the profit to the State would amount 

 to the enormous figure of 81,000,000 ! This 

 is quite independent of the vast increase in 

 the yearly revenue from the land through its 

 increased productiveness a yearly increase of 

 at least 40 millions sterling. No doubt the 

 " ranching " farmer will ask, " How am I to 

 feed my stock if the grass land is taken away ? " 

 The reply is, by cultivating the land instead of 

 largely wasting it in grass ; arable land being 

 more suitable and profitable for feeding purposes 

 than grass land. 



NATIONAL WEALTH AND INCOME 



The writer does not under-estimate the diffi- 

 culty of raising the large sum of money required 

 to carry out the scheme of land reform suggested. 

 In the opinion of many whose views are worthy 



