69 



Bailiff's Market and Fair Expenses, 2s. 2|d., 



including commission on the sale of lambs in London, are those in- 

 cm'red by the bailiff, irrespective of his ovm maintenance. 



Cost and Wear and Tear of Imple:ments and Hurdles, 6s. 2fd., 

 includes the farm portion as well as for hire, three extra horses being 

 kept for this purpose. The implements used were sufficient for double 

 the area of the farm. Therefore, the price per acre may be assumed to 

 be higher than was absolutely necessary. The sum received from the 

 demesne for hire of horses and implements may be considered as an 

 equivalent, in lieu of interest for farming capital and tenant's profit 

 employed in this department. 



The Items for Sundries and Bad Debts 

 are shown as they were incurred, 3s. 9;|d. 



Feeding Stuffs, £3 17s. Okl. per acre on Area of Arable. 



The cost, £6 19s. lAd. per acre on the area of the hay, root, and 

 green crops, is apparently high, but this may in part be attributable to 

 there being no pasture-land, except inferior sheep downs, attached to 

 the farm, and the amount paid for agistment in the park being 

 designedly small. The foreshare of the Water-meadoAV was charged 

 separately to sheep under that heading. A question, however, arises 

 as to the policy of keeping so large an ewe flock, and whether, with 

 better management and less cost, the hay, root, and green crops could 

 not have been converted into meat more profitably. 



Bent, Rates and Taxes, £1 10s. 3d. 



The farm in question being situated in three parishes, and the 

 parochial rates and tithe rent charges being also divergent, the rent of 

 £1 10s. 3d. was adopted, supposing the farm to be extra parochial with a 

 view of arriving at a result, which would be analogous to other parts of the 

 Wilton House estate, of which the farm in question is considered a type. 

 It was also used as a test to show the effect produced upon rents by the 

 abrogation of the Corn Laws, and the consequent introduction of free 

 trade into this country. That being the case, it will be necessary to 

 show how this rent is analogous to the letting of other farms on the 

 estate, which are let subject to the tenant defraying parochial rates and 

 tithe rent charges; hence the £1 10s. 3d. should be sub-divided thus, viz.: 



