31 JULY 1926, Page 22

COUNTRY LIFE AND SPORT

LAND FOR NOTHING.

°` THE most critical harvest, perhaps, in our generation, is beginning." I quote a farmer-landowner of Norfolk, that various and original county which has been pioneer to most agricultural advances. A week earlier some of the accounts of an estate in the Home Counties were put before me. The landowner lost just 17,060 on his estate last year, but, hoped to pay his way, or nearly pay his way, this year. A few. years ago he was forced to appeal for postponement of the paying of Super-tax. He was mulcted in heavy taxes on what in fact was a deficit. The profit existed wholly in the mind and figures of the tax-collector. The accounts of the estate indicate why this harvest is_critical. Land has been tumbling back into grass and ley ; but the fall will be yet more rapid, if the coming harvest should show a loss, not a profit.