120 THE EQUIPMENT OF THE FARM. 



tenant's capital in ordinary arable and dairy farms which 

 are well equipped. 



The amount of the necessary landlord's capital thus 

 varies exceedingly with the circumstances of the estate. 

 And where the equipment is deficient, there is a demand 

 upon the purse of the owner for the due provision of what 

 is necessary under the several enumerated heads hefore an 

 intending tenant can offer a fair rent for the use of the 

 land. Of course it is within the option of the tenant, if he 

 can make a fitting bargain on such terms, to provide any of 

 the necessary equipment of the estate himself at his own 

 expense; accepting a lease of the land for a sufficient 

 term of years at a rent low enough to recoup him. But 

 this is really intruding into the province of the landowner, 

 and he then virtually becomes accordingly part-owner as 

 well as occupier of the land during the term of his tenancy. 

 The security of his capital applied in this way is assured by 

 the bargain which he has made ; and it is especially 

 necessary in such a case that he should take care of 

 himself when the terms of this bargain are arranged. The 

 necessity of this security in the interest of the country 

 generally the prosperity of which is largely affected by 

 the success of its agriculture has led of late years to 

 legislation for the provision of security for that part also 

 of the capital of the tenant, which is applied strictly to 

 the work of cultivation. And any improvement of the 

 estate due to the energetic conduct of his business 

 which can be claimed as really his work, is now repaid 

 to an out-going tenant; who is thus encouraged to the 

 vigorous prosecution of his business to the very end of his 

 occupation. 



In the case of the landowner, too, the difference be- 



