m 'money, if n »t in both produce aid monejj by 

 bueh improvement*, are so much added t» profits ami 

 stock. But the stock aw }d forms nnly a small part 

 of the whole appliance.? to tkt cultivation of the s •;?. 

 These profits too in u*t inc!r;is<?. if the prirc of pr.nluee 

 rises, without a corresponding rise in wagei or prica 

 of stock. 



It may require more capital to keep pace with 

 improvements, but rents will most likely rise eventu-. 

 ally localise profits will probably be higher. If rents 

 and profits combined are now about two-thirds of I lie 

 gross produce oti ihe richest soiU, without the fans t 

 having sunk any capital worth mentioning on the land, 

 then nothing' but a want of competition can prevent 

 a land-owner from takiug two-thirds at least of such 

 combined renta and profits in shape of money-rent ; 

 or e\en the whole of those, provided that, m these 

 cases, he chooses to run the ri*k, along- with the culti- 

 rator, of had seasons, floods, droughts, Ac. &e, and 

 permit bim to repay himself his third share out of the 

 standing 1 crop under all circumstances, or as far at 

 least as the crop will allow of, and at a valuation cor- 

 responding to the average yearly price of grain. 



But such a system would be doubtless injurious in 

 the end, by cutting o<F those surplus profits which arc 

 ihe spurs to increasing cultivation and improvement 

 and which give the only ehanoe for improvements 

 1>eing generally adopted | until, the whole disposable 

 land having* been cultivated, a pressure for food wtil 

 force on improvements as u tiling of course. It would 

 foe hazardous to attempt to fix the limit of agricultu- 

 ral improvement here, since the term is hardly kn >wo 

 beyond the partial application of it in the wanner 

 described before, as that in which the plough * used. 

 In this latttr case t fie produce was very fwwlerctteiy 

 estimated .M -SIX* guutangu on ttie best laud. Um «ls 



