We may say, then, that by the malting of barley we lose at least 2-1/2 cwt. of solid nutriment out of every ton of the article, and this loss falls heaviest on the nitrogenous, or flesh-forming constituents of the grain. When there are added to this loss the expense of carting the grain to and from the malt-house, and the maltster's charge for operating upon it (I presume in this case that the feeder is not his own maltster), it will be found that two tons of malt will cost the farmer nearly as much as three tons of barley; and he will then have to solve the problem--_Whether or not malt is 40 or 50 per cent. more valuable as a feeding-stuff than barley_. The difference in value between barley and malt is generally 14s. per barrel; but it is sometimes more or less, according to the supply and demand. Barley, well malted, will lose on the average 25 per cent. of its weight, the loss depending, to some extent, upon the degree to which the process is carried, and on the germinating properties of the barley. Barley malted for roasters ought not to lose more than 21 per cent. of its original weight--53 lbs. to the barrel. The heavier the barley the less it loses in malting; a barrel of 224 lbs., and value from 15s. to 16s., ought to produce a barrel of malt of 196 lbs., value 29s. to 30s. If we deduct from the cost of a barrel of malt the amount of duty at present levyable upon it, the price of the article will be still nearly 50 per cent. greater than that of an equal weight of barley. The cheaper barley is the greater will be the relative cost of malt. The maltster's charge for converting a barrel of barley into malt is about 4s.; so that if the price of the grain be so low as 12s. per barrel, which it sometimes is, the cost of malting it would amount to 33 per cent. of its price. Then, the diminution in the weight of, and the cost of carting the grain, must be taken into account; and when the whole expense attendant upon the process of malting is ascertained, it will be found that I have not exaggerated in stating that a ton of malt costs as much as a ton and a half of barley. If the consumer of malt germinate the seeds himself, he may probably, if he require large quantities of the article, produce it at a somewhat cheaper rate than if he bought it from the maltster; but few persons who have the slightest knowledge of the vexatious restrictions of the Inland Revenue authorities would be likely to place his premises under the _espionage_ of an excise officer.