2 AUGUST 1930, Page 14

Country Life


A one-time owner of the land sends me sonic suggestive facts on the history of the farm to which I referred last week. Though the land .and buildings are good, the inclusive price given at a recent sale was £4 105. an acre. The distance from London is seventy miles and a big town is within about twelve miles. This farm was bought in 1771 for £22 an acre, equivalent to at least CIO at the present value of money. It was not at that date well equipped, and a great deal of money was spent on buildings. A descendant of the purchasers of 1771 sold the farm in 1015 for £12 an acre, a price that would not Fay for the improvements. To-day's price is little more than a third of the debased price of fifteen years ago. My correspondent adds : " Before long it will be worth less than nothing, and I suppose that is what the Socialists Want." Of that view I have nothing to say. The facts are as stated, and the prices coincide with a decrease in production that in all opinions must be lamentable for the nation.