1 5,2 ro n \ Hi t)fs — Capital. 



increase of prices without aln increase of wages, derive 

 asi eitoratoua profit, ami tl v landlord none. 



l?ut llie grunting: of short leases of two or three 

 years, although it gives all thai the land under 

 llie actual condition of produce, prices and competiti- 

 on can weM as rent^ in effect, only killing the 

 *■ golden go*JSe ,J antl shot ling one's eyes to what it 

 wcnld h\ if rarcfully tend'd. 



It haft been stated in the areount of the value of 

 grton-fand that the price had risen, and in some in- 

 stanet* had been doubled ; hut the actual number of 

 $4&t»* purchase of land tmght not here to he estimat- 

 ed by its pi in ; t ii\ eft fcem rally elsewhere, it depends 

 ou the supply of capital. But the actual priee has 

 aim been most material ly enhanced hy the construct- 

 ing of new road;*, without which, from the difficulty 

 of convening (lie surplus produce to a market, profits 

 dud rent mitst fiifl and estivation be checked. Cut 

 surh has been the rapid spread of cultivation that 

 several fallr-pcopfed tracts at* stfll in a manner inac- 

 cessible t;j pedestrians and only to he crossed ou 

 elephants fur six months in the 3 ear ; prices 

 tlmvforc are liere taw and produce costs so much fo 

 bring to market and is so insecure, that rents are pre- 

 carious : there wants, new roads tdfl in time, it is 

 hoped, fidh meet. The sudden rise here has not been 

 dwittg therefore to increased productiveness m the 

 sod, to higher prices of produce, or to a fall in the 

 Waftfes of lili tr; but inerch to the fact that individuals, 

 having ^inatl capitals which the state of trade deterred 

 them from risking in it, found it safest to invest the 

 Sana- in land, if the landlord were to take oue-lhird 

 Oftlie gross produce. then the average number of years* 

 pttrcbarfcj if so estimated, bf'gtood gfoitl or rice land 

 would be about six years; and for the best land the 

 years ; refcrcuoe being here had to recent sales. 



