Note 22 — BRITISH AGRICULTURE AND FOREIGN COMPETITION.

Since the above statement was drawn up and submitted by us to the consideration of various farmers throughout the country, Mr Dudgeon has requested us to state, that after consultation with several of these gentlemen in his own neighbourhood, (who, he was gratified to find, entirely concurred in the essential particulars of the statement,) he is of opinion that he had deducted rather too small a quantity of oats and barley for seed, according to the average usual in the district. Any alteration which this involves would be a deduction from the tenant's original profit, and an addition to the amount of loss already brought out.

Mr Dudgeon also says—"I omit at present adding to this deficit the depreciation which it may be further estimated will result permanently from the open trade in live stock and cured provisions. But it may be stated that the recent depression in the value of stock from that of late seasons, amounting to at least 15 per cent, shows a farther present loss on the calculated profits of this farm to the extent of £112, 10s."