134 THE STATE AS FARMER 



will put an end to such anomalies as this. 

 For we do not intend to waste money on use- 

 less freights. The co-operation which does 

 not at present probably touch one per cent, 

 of our farms in the matter of collection and 

 distribution of produce will be an essential 

 condition of farming. A smallholder will 

 find no land granted to him by the State 

 if he declines to adhere to the general 

 conditions of his district and pool his produce 

 at the depot. 



As to the finance of public ownership 

 there need be no great difference of opinion 

 as long as two fundamental principles are 

 made operative. The first is that every 

 tenant of the State must loyally fall in with 

 the State objects and methods while giving 

 individual contributions of study and experi- 

 ence to the common stock. The second is 

 that in return for the State's guarantee of 

 a fixed return on capital the whole of any 

 increment in value must accrue to the com- 

 monwealth. The capital involved will be 

 fixed by the valuation which is in progress. 

 The possession of the land must be exchanged 

 for national land stock bearing interest at a 



