Note † — Chapter III · EQUALITY OF EDUCATIONAL OPPORTUNITY

The most permanent form of hereditary wealth is land; but only a small minority of our existing landed families existed as landed families at the time of the last Heralds’ visitation. Thus, though the estates of this country are as old as the country itself, the actual possession of a large proportion of them by their owners, at any given time, represents their purchase by wealth recently created, and is, in fact, recent wealth converted into another form.