t S5 1 



LETTER XII. 



TTAVING thus run through the princi- 

 pal parts of improvement, which 

 claim a landlord's attention, I fhall, in the 

 next place, offer a few remarks on the ag- 

 gregate bufinefs, and the manner of con- 

 ducllng it. 



The grand objed is profit ; the improver 

 mud have his figures at all times in calcu- 

 lation to knov^ the expence of every thing 



' ' 'the rife of rent of intereft^ . 



and the annual profit : for he is to have 

 nothing to fay to improvements, that have 

 not that acknowledged utility which will 

 clearly pay him in rent j and he is always 

 to remember that he pays 4 or 5 per cent. 

 himfelf for the money — confequently the 

 grofs return muft be much higher. Lands 

 that let at low rents, are what will bejl 

 pay : thofe which already bring an high 

 one, will pay but little for any improve- 

 ment, except the laying arable to grafs. 



G 3 Suppofe 



