500 



OCTOBEn, 



with his interest, his designs, and even with good 

 hnsbandry. 



The merit or reasonableness of covenants must 

 he considered alwavs, on comparison with the na- 

 ture of the firm. It is for want of this considera- 

 tion that unreasonable covenants are ever proposed. 



These prohibitions are often foolish, but some- 

 times admissible: they must depend on local cir-r 

 cumstances, to be well weighed by the fanner who 

 hires. 



Ascertainment of Rent. This is a very important 

 part of the business in hiring a farm; .but the other 

 circumstances already detailed precede it, rent in 

 a good measure depending on them. The principal 

 point here necessary to touch on, is the combina- 

 tion of rent, tithe, and rates, in one sum. Knowing 

 the capital intended to be invested, estimate the in- 

 terest of it at not less than JO per cent, and then 

 calculate the expenc.es and produce : the former de- 

 ducted from the latter, leaves that sum which the 

 fanner can afford to pay in these three species of 

 rent. Deduct further the tithe and rates, and the re- 

 mainder is what he can afford to pay to the landlord. 

 If rent be valued in any other way, it must be erro- 

 neously and deceitfully done, and no dependence 

 can be placed on it. 



The following cases, with which the writer of 

 these papers is accurately acquainted, confirm the 

 idea of one-third of the gross produce being a fair 

 allowance for rent, tithe, and poor's-rates. 



JFel 



