The Decrease in Value of English Farms

Feilding Star, Volume VIII, Issue 20, 29 July 1886, Page 4

The Decrease in Value of English Farms

Tha decrease .in yaiue of farm-lands inoEngland.Gontinne^ ; excite the gravest 'apprehensions, .as the, loans matle dnv mortgages by the .'■ great ficftbiiEity^ ■companies are no longer repr^fentflfl! Sy ; the,^alues of the estates" ft^ib^mg;' unable fo revise on. the. property, .the finahcial credit of . soihe of-these associations is. being gradually /undermined. A large- property indent 'could ■> not be leased on any terms|and ntow it is; let for five years rentrfreief, the proprietors paying onehalf pi. the, requisite; repairs to '%he ' buildjngsipn the estate. ; Even, the ntost .eligible property Js, suffering from the (same depression; Thus. Swinton.: Grange; an? estate of 187 acres of first-rate, , grass and arable, land situate near: Castle Howard, York,, has justbeen .offered, by auction ; and the sum of £7009 Jonly , was bid for. it, th§ ; reserve being Seven yejftrs.agp^tiie estate, was , sold for £12,500. Sfarange to say, that desv 1 pite,tibe troubled, times, and the; dep/eeiation'df agricultural jproduce inr Ireland, land is there in better demand | in fi some districts ihan in the f Eiglish j CblntiesL Thus the leashold interest in afaiia containing 25 acres, sptjiated near Patricks, well,' subject to- an annual rent .of 'jfi^.-Was sold recently for &4ißb}-'vd& fees. It is a rude problem to find out the means of making, a deceAt'livelihood put of touch property; but the" rabid over-bidding' for land in Ireland according to the local journals^ is at the root of all th«agrarian troubles of the past and pre-f sent times. ■"