170 
Farm Capital. 
£ s. d. 
Brought forward .. .. 803 0 0 
lie will also require 6 i)loup;li-liorses to work the arable part of 
his fanii, 4 of which I shall consider will be older horses, con- 
stantly in the stable, and fed on vetches, hay, and corn ; the 
two others, younc;er ones, lying with the dairy-cows, and 
worked alternately to ease the older horses, and also to make 
the 4-hoi'se team into two teams of three hoi-ses each for cleaning 
the land after harvest. I shall presume that the farmer will 
take pride in his team, and have his horses not only up to their 
work, but such as he can sell when six years old for tlie London 
market. 1 shall therefore estimate that he will have — 
Two 5-year-old horses, worth each .. £80 0 0 
Two 4-year-old horses, worth 35L each . . . . 70 0 0 
Two horses rising two years, ready for break- 
ing, worth 30^. each ' ,. .. 60 0 0 
• 210 0 0 
Ho will therefore have 51 beast an(i 65 sheep on his pasture-land, 
84 sheep on liis arable land, 4 pigs, and a team of 6 horses, at 
a total cost of £1013 0 0 
He will then have to pay the outgoing tenant for his growing crops 
and cultivations. In making out this account I have specified the 
amount which I paid myself by valuation for each act of hus- 
bandry. For convenience of calculation I shall suppose that the 
spring-crops have been sown by the outgoing tenant, instead of 
saying merely that the incoming tenant ought to have so much 
money in his pocket to complete the spring sowing of his farm. 
There are also always some things to be taken as tenant's 
fixtures, &c., hay and horse-corn to be bought, and rates and 
taxes to be paid ; but as these would depend upon accidental 
circumstances, and must therefore be entirely conjectural, I have 
preferred to omit them as such, but to include in my estimate 
not only the money a farmer would require for immediate pay- 
ments, but also the probable expense he would be put to in hoe- 
ing, weeding, and also cutting and harvesting his corn and hay. 
I have assumed also that he makes nothing from his farm for the 
first six months. This would, I believe, fully cover all he would 
have to pay for the fixtures, hay, cScc, which I have not included 
in the estimate for the reasons above given.* 
The arable part of the farm, being divided into ten fields of 
* A revision of tliis passage was contemplated. Apart from the undesirable- 
ness of setting such considerable items one against the other without investigation, 
the probability is that they would not balance, as a rough approximaticni may 
easily indicate. The 65 shearlings would probably bring in with their wool 170Z., 
with some allowance for losses ; the wool of the 85 tegs 3f'Z. ; or there would be 
200Z. in all of receipts. Per contra, if the corn of the 4 horses and colts used 
occasionally for the five summer months may be set at about 25Z., the stock of 
bay at 5uZ., the farm fixtures at 25Z. — in all lOOZ. — these receipts will exceed the 
payments by lOOi. — P. H. F. 
