FARM RENTS AND RATES.
[TO THE EDITOR OF THE " SPECTATOR:1
SIR,—While thanking you for your otherwise favourable notice of my paper on "Agricultural Depression" in the Fortnightly Review, allow me to point out why I think I have not discredited myself, as your reviewer says I have, by stating that "as rent increases rates increase." Not in the same proportion,—I studiously avoided saying that ; but it is obvious that when the rents of farms rise, without the value of all other rateable property rising to an equal extent, rates on farms rise also. Besides this, it is to be borne in mind that the rent of one farm is often much higher than that of neighbouring holdings, and the rateable value is generally higher in consequence. The con- text shows that it was such cases as the latter that my remark especially referred to.—I am, Sir, &c.,
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