Want of Capital in the Land.
On many estates the landowner's capital is sadly deficient. The estate goes on year after year without improvements, the buildings are dilapidated, the fences a sinecure, ami such a thing 1 as draining 1 is never dreamed of. On others, the landowners, although able, do not expend money on their properties, because they believe they can invest their spare capital to pay larger interest otherwise, Iri the great proportion of cases, however, landowner* are, owing to those antiquated laws at which I hinted, life-renters, so to speak with no power to realize, and quite as little interest in the improvement of their properties. The want of capital invested by tenant- . farmers is one of the principal reasons why farming is unprofitable. Ten pounds an acre has been puD as the necessary capital to have in land ; but I hold that double that sum is no more than enougli to allow a man a chance to develope the resources of the land. To make a broad statement, 1 would say there is not half enough capital in farmers' hands throughout the kingdom.
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Waikato Times, Volume XV, Issue 1318, 9 December 1880, Page 3
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187Want of Capital in the Land. Waikato Times, Volume XV, Issue 1318, 9 December 1880, Page 3
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