stuffs, owing- to a large head of stock kept, to at least the amount of 

 the loss sustained, hence the consequent loss of £2 18s. 8d. per acre in 

 capital. 



The rent of Wilton House Home Farm was fixed at £300 per annum 

 (as extra parochial, i.e., tithe and tax free), or £1 10s. 3d. per acre, the 

 landlord's net rent, however, being 19s. 6d. 



The writer of the article, " Crop and Stock Prospects,^' assumes that 

 the rent is a low one, but Professor Elliot, in his work, was led to believe, 

 in obtaining" a knowledge of this farm, that it was based upon the same 

 scale of value as ueai'ly 100,000 acres which were let in the counties 

 of Wilts and Dorset during the period (23 years) in which the 

 experiment of high farming was carried out on the farm in question. 

 The £1 10s. 3d. per acre of rent on this light, chalky land, is considered 

 equivalent to the rent of a wheat farm producing 34 or 25 bushels 

 per acre (scale of normal products). 



The foregoing statements are explanatory of Professor Elliot's 

 publication in 1884 ; but it is to be observed that the results of the year 

 1883 were followed by disastrous circumstances in the year 1884, and up 

 to October 26th, 1885. Now, assuming the products realised between 

 1850 and 1873 being the same for those years, the loss in 1884 would be 

 £7 10s. lOd. per cent, and for 1885, £9 19s. lOfd. per cent. 



The price per bushel of the cereals in 1884 is the average gazetted 

 price quoted in the " Journal of the Royal Agricultural Society of Eng- 

 land," and the prices for 1885 are those subsequently gazetted weekly, 

 the prices for meat being taken from the estimate of Messrs. Bonser, 

 Wykes, and Williamson's returns of the Sraithfield market, London 

 (per carcase weight, sinking offal). 



The following tabula shows the prices per bushel and per lb. at 

 which the foregoing result (per cent.) have been obtained : — 



CEREAL PRODUCTS. 



