Note 8 — Chapter II

To make this obvious, and to shew the degrees in which corn and money rent will vary, let us suppose that the labour of ten men will, on land of a certain quality, obtain 180 quarters of wheat, and its value to be 4l. per quarter, or 720l.; and that the labour of ten additional men will, on the same or any other land, produce only 170 quarters in addition; wheat would rise from 4l. to 4l. 4s. 8d. for 170: 180:: 4l.: 4l. 4s. 8d.; or, as in the production of 170 quarters, the labour of 10 men is necessary in one case, and only of 9.44 in the other, the rise would be as 9.44 to 10, or as 4l. to 4l. 4s. 8d. If 10 men be further employed, and the return be

160, the price will rise to £4 10 0

150, - - - - - - 4 16 0

140, - - - - - - 5 2 10

Now if no rent was paid for the land which yielded 180 quarters when corn was at 4l. per quarter, the value of 10 quarters would be paid as rent when only 170 could be procured, which, at 4l. 4s. 8d. would be 42l. 7s. 6d.

20 qrs. when 160 were produced, which at £4 10 0 would be £4 90 0

30 qrs. . . 150 . . . . . . . . . . 4 16 0 . . . 144 0 0

40 qrs. . . 140 . . . . . . . . . . 4 2 10 . . . 205 13 4

Corn rent then would increase in the proportion of 100 and money rent in the proportion of 100

212 100

340 100

400 465