10 



INTRODUCTION 



extent that is not generally appreciated. One 

 thousand million pounds sterling is given as the 

 probable depreciation in the capital value of 

 agricultural land during the last thirty-five 

 years. This is an estimate that it is almost 

 impossible to verify, but the following table 

 showing the gross revenue from land will be 

 some guide : 



Gross Income from the Ownership of Lands in England 

 AND Wales (1870-71 to 1910-11).* 



A reduction of £14,755,822 from the year 

 1880-81 and a net reduction over the full 



* These figures refer to "lands," whether cultivated or 

 uncultivated, including ornamental grounds, gardens at- 

 tached to houses when exceeding one acre in extent, tithe- 

 rent charge commuted under the Tithe Commutation 

 Acts, farmhouses, and farm buildings. Agricultural 

 Statistics, 1912. Cd. 6597. 



