Farm Capital. 
439 = 1/3 
om other channels will flow liberally and permanently into 
irming. An element of attraction, also, is to be found in greater Freedom of 
eedom on the part of the tenant in the cropping and general cropping, 
pplication of his land. In the earlier and many lately existing 
,^reements governing agricultural management, hay, straw, and 
idder were bound to be consumed on the land. No green 
ops might be removed from it, and the efforts of the landlord 
ad land-agent were directed to maintain the fertility of the 
ind by the most stringent restrictions. With the introduction 
f artificial manures, and further through the construction of 
lihvays delivering town-manure and refuse at various points 
) which these matters might be cheaply transported, the necessity 
)r the restriction of covenants as to farm-management and the 
lie of hay, straw, fodder, and green crops has been greatly 
;duced and in some places removed. No good tenants can 
ow be obtained on farms where facilities for the sale of such 
reduce exist, if the stringent regulations of a lease of 1850 are 
isisted upon. This modification of covenants has been greatly 
iduced by the increased value of hay and straw, and the 
ccessibility of markets through the vicinity of railways, during 
16 past few years. 
At the present moment the agricultural interest in certain Causes of ex- 
istricts is suffering under an unusual depression consequent isting depres- 
a seasons adverse to the profitable manag£ment of particular 
)ils, concurrently with a disorganised condition of the labour 
larket. That this condition is acute, is apparent by the large 
rea of land and number of farms in the market to be let. It 
lay be observed, however, that commercial and manufacturing 
iterests have been equally, if not more severely, depressed. It 
; possible that the present application of these lands may, under 
ew conditions, be modified, and their value temporarily affected, 
hether for sale or letting, if such conditions are to be per- 
lanent ; but it is not probable that any large area will revert 
ito an unproductive condition, except those soils which have 
een stimulated into an abnormal fertility without regard to 
:onomical results. 
Banks. — The extension of the banking-system to almost Banks, 
very agricultural district in England has contributed largely 
) the convenience of farming-operations, whilst the banks 
lemselves have, undoubtedly, profited very considerably by 
le moderate and safe advances which they are enabled to make 
I their farmer customers. 
Value of Land and Interest thereon. — The value of purely agri- Value of land 
dtural land, as an investment, varies in a most remarkable and interest 
'gree, and appears to depend not so much upon the amount of 
iterest obtainable from the investment as from an inherent 
