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PROPOSALS FOR ESTIMATING THE RENT or LAND BY THE 

 AVERAGE PRICE OF WHEAT. It has lately been remarked in 

 the public papers, that some system of a fluctuating scale 

 of amount of rent, to be regulated by the price of corn, was 

 much wanted to create a good understanding between 

 landlords and tenants. Two different plans for estimating 

 rent in this manner, I here offer for public consideration. 

 The amount of rent of arable land, must of course be esti- 

 mated, by the quantity and value of the corn which it is 

 likely to produce with fair cultivation, taking into consi- 

 deration also, the following particulars: whether it has on 

 it all necessary buildings; the annual amount that it pays 

 for parochial rates ; the distance that the land is from the 

 market where its produce is to be sold ; and what price per 

 bushel may be reasonably expected for wheat which, in 

 the long run, governs the price of all grain, and of meat 

 too. Therefore, as the price of wheat rises or falls, so does 

 the actual value of the rent of land. The value of rent for 

 the different qualities of land will vary from the worth of 

 two to seven bushels per acre the regulating price to be 

 annually that which has been the average price of the 

 market agreed on ; or the annual average returned price of 

 the country for the past year. Supposing it should be 

 6s. 6d. per bushel, the rent of the different qualities of land 

 may be thus calculated : 



Very poor land 2 bushels. . 13s. Od. per acre 



Poor 3 ditto.... 19s. 6d. 



Fair quality 4 ditto .... 26s. Od. 



Good 5 ditto.... 32s. 6d. 



Very good 6 ditto .... 39s. Od. 



Extraordinarily good. . 7 ditto .... 45s. 6d. 



The intermediate qualities may be raised by the corres- 

 ponding fractional parts of a bushel : thus a medium 

 quality, between fair quality and good, 4^ bushels, 29s. 3d. 

 per acre; approaching nearer to good, 4 bushels, 31s. per 

 acre. Some may think this method of estimating the rent 

 of land, complicated and troublesome, but in reality it is 

 neither the one nor the other, and I believe it to be quite 

 fair between landlord and tenant. No one can foretel what 

 may be the average price of wheat for five or seven years to 

 come. After giving this subject all the consideration in my 



