Rent of a farm of 250 acres imperial, at £1, 1s. per acre, £262 10 0 Invested capital, £1000--interest at 10 per cent, 100 0 0 Floating capital, in stock, &c., £1800--interest at 5 per cent, 90 0 0 Servants' wages, per annum, 129 0 0 Day-labourers' wages, &c., 15 0 0 Rye-grass and clover seeds, 20 0 0 Tradesmen's accounts, 50 0 0 Public burdens, 15 0 0 Casual losses of stock, and partial insurance, 40 0 0 Expenses in driving grain and extraneous manures, in the shape of tolls, &c., with necessary expenses at markets, 20 0 0 _________ Total expenditure, £741 10 0 ANNUAL INCOME. 250 acres, on the five-course rotation:-- In oats--80 acres, at 6 qrs. per acre, 480 qrs. Deduct for seed, 60 qrs. Do. for horses, meal, &c., 120 " _______ 180 " Oats to be disposed of, 300 qrs. at 21s. = £315 0 0 In barley--20 acres, at 5-1/2 qrs. per acre, 110 qrs. Deduct for seed, malt, &c., 15 " Barley to be disposed of, 95 qrs. at 29s. = 137 15 0 Realised from cattle fed on 100 acres of grass and 50 acres of turnips, 400 0 0 Total income, ______ 852 15 0 _________ Profit--or return for labour, skill, and risk of capital, £111 5 0 ========= INCOME UNDER FREE-TRADE PRICES. Oats, 300 quarters, at 14s. per quarter, £210 0 0 Barley, 95 quarters, at 20s. per quarter, 95 0 0 And--on the supposition that no reduction of the price of fat cattle is to take place on account of the free importation of foreign animals--let us take the receipts from cattle fed on the grass and turnips as above, viz., 400 0 0 ________ Total income under free-trade prices of grain, £705 0 0 Brought forward, £705 0 0 Expenditure as above, viz., 741 10 0 Loss per annum, £36 10 0 Or, adding former profit, viz. as above, 111 5 0