608 
On the Valuation of Unexhausted Manures. 
the estimated compensation-value of the unexhausted residue (that 
is, after the tenant has realised the benefit of the increase of his 
crops), to be, if used each year for eight years, as given in 
the first column of the following Table ; the second column 
showing the amount per acre per annum : — 
Compensation Allowance for One Ton 
of Linseed-cake consumed. 
Per Annum, 
Eight Years. 
Per Acre, in 
Eight Years. 
£ S. 
d. 
£ 
s. d. 
Last year . . 
1 19 
3 
0 
4 11 
2nd „ .. .. 
1 G 
2 
0 
3 3 
3rd „ .. .. 
0 17 
6 
0 
2 2 
4th „ .. .. 
0 11 
8 
0 
1 6 
5th „ .. .. 
0 7 
9 
0 
1 0 
6th ., .. .. 
0 5 
2 
0 
0 8 
7th „ .. .. 
0 3 
5 
0 
0 5 
8th „ .. .. 
0 2 
4 
0 
0 3 
Total . . 
5 13 
3 
0 
14 2 
Thus, according to the Table, the value of the unexhausted 
manure-residue from the consumption of one ton of linseed-cake 
annually for eight years would be 5/. 13s. 3fZ., or nearly 45 per 
cent, more than the original manure-value of one year's con- 
sumption ; or, as the second column shows, the allowance would 
be at the rate of 14s. 2d. per acre over the whole farm. 
Whether such an allowance would be too much or too little 
under the circumstances supposed, is a question for considera- 
tion. The conditions supposed are — a light-land farm, upon 
vi^hich the manure from purchased food is an essential element ot 
profitable cultivation ; that meat and grain alone are sold ; and 
that the farm is given up in a satisfactory state in every respect. 
Also that each acre received, on the average, during the last 
eight years, the manure derived from the consumption of one ton 
of linseed-cake. The question between the two parties concerned 
is, whether the outgoing tenant would receive sufficient remu- 
neration for his unexhausted manure ? and, on the other hand, 
whether the landowner, or the incoming tenant, would pay more 
than will be recovered in increase of crops ? An allowance 
of 14s. 2d. per acre on a farm of 400 acres, would amount to 
283Z. 6s. 8f/., which is a large sum to pay ; and it is certain that 
the recovery of the amount will only be gradual. It is well 
known that both time and money are required to get land into 
condition, and here is land already in condition. 
Let us consider the effect of such a valuation of unexhausted 
