360 AGRICULTURAL SURVEY OF chap.XVI, 



The truth is, as was formerly observed, there 

 is here no real rise of rent. The proportion of 

 produce, allotted for rent, continues the same ; 

 and, upon the supposition that the land is as 

 productive as it will ever be, and the quantum 

 of rent fairly fixed, the landlord can never, in 

 justice, require or expect more ; and, therefore, 

 though he may reserve an advance of money, 

 he receives only what is equivalent to his pro- 

 portion of the produce, in which the rent is 

 made to consist. And the tenant, though he 

 may pay more money to the landlord, pays no 

 more than the quantity of produce, stipulated as 

 rent, brings him at market. 



And as this plan will secure to the landlord 

 the full value of his lands in perpetuum ; so it 

 will prevent any real fall of rent, which, during 

 long leases, the depreciation of money may oc- 

 casion. Should the proprietor be obliged to re- 

 ceive the same sum of money for his lands, dur- 

 ing a long period of years, while, all the time, 

 the value of money may be gradually decreasing, 

 his rents would fall proportionally ; for the ten- 

 ant would be able to pay his rent with a gra- 

 dually decreasing proportion of the produce of 

 his farm. 



Suppose, for example, a farm let for lool. of 

 money rent, and the average quantity of grain, 

 during a lease of 19 years, necessary to raise this 

 sum, to be 150 bolls. Suppose, during the next 

 period of 19 years, 100 bolls shall, at an aver- 

 age, produce the same sum. If then the land- 

 lord shall continue, during the second period, to 

 receive the same money as under the first, his 

 rent will be actuallv diminished one-third. His 



