The Sun.
London, England, 1839-08-22 00:00:00

MONEY MARKET.-WEDNESDAY.

our leading capitalists than usual at and about the Stock
There was this morning a. more numerous attendance of
Exchange. Few of those who are in the habit of partici-
pating in the great financial operation; of the day were, in
fact, absent. It was naturally inferred, from this circum-
stance, that the intention of acting upon Mr. Spring
Rice's proposition for the conversion of his four millions
of Exchequer bills was becoming pretty general among
them, and such turns out to have been the case. The
Bank of England people continue to observe the
strictOt secrecy upon the subject. but it is well
known Oat several fresh tenders of bills were put In
in the ot;rse of the afternoon. We are unable to
furnish a cori'qct list of the names and the sums ap-
plicable to each, but it is understood that, independently
of the amount (500,900/.) contracted for by the Bank of
England, Messrs. N. M. _Rothschild and Sons have be'
come competitors for the s:oPly of 500,0001. at the
Chancellor's price, Messrs. Coutts end Co. for 500,0004,
and the Bank of Ireland for 600,00tii. These sums,
added to the 600,000/. or 700,0001. tendered yesterday
and the day before, make an aggregate of 2,600,0001. or
2,700,0001., and there would appear, therefore, to be but
about a million and a quarter more wanted to complete
the arrangement. It is said, indeed, that there is "
more than 600,0001. or 700,0001. left ; and some per gags
are of opinion that Mr. Rice may possibly be enabled, in
his place in Parliament this evening, to announce the go"
tire conclusion of the operation. We wish it may be 509
for that a petty business of this nature should continue so
suspense for a lengthened period is unusual, and certainly
not quite creditable to the financiers of the country. The
particulars afrarded us are, however, by no means to be de-
pended upon as accurate. They may, for ought we know
to the contrary, be exceedingly wide of the truth, and if
they do prove erroneous, the error will, we dare say, be
found to be on the wrong side. The amount of bills sup-
posed to have been tendered is in all probability exagge-
rated. Yet, from what we have stated, it will be seen that
there can now be no longer the least apprehension as to the
full accomplishment of the Government scheme between
this and Friday evening next.—Morning Post.

CAUTION TO PERSONS DRINK-

ING SODA WATER.

TO THE EDITOR OF THE SUN.

Sin—The public are not aware that there is not one
bottle in a hundred which is sold for soda water that con-
tains one grain of that valuable alkali, but is merely spring
water impregnated with fixed air. The reason of the soda
not being put into the water is not on account of the value
iof the soda itself, but of the expense of properly manuface
turing it. or instance, if fifteen grains of the carbonat-
of soda be putinto each bottle, it will require ten times
the labour and power of machinery, and consequent ly that
additional cost, to make pure soda water, to that which 15
required to make this cheap, useless, and spurious art.'cle•
There are thousands of persons who drink soda water da-'l4
by the express directions of the faculty, for the purpose Pl
correcting the acidity and other bilious affections of the
stomach and bowels, the alkali of the soda being intended
to neutralise the excess of acidity. To such ill'
dividuals it must be evident that if there is no soda,
in the water they purchase by that name, they cannot
derive any benefit from it. I have, therefore, felt it my
duty to put the public on their guard from being thus
deceived, and at the same time show they may ascertain
for themselves as to whether there is soda or not in the
water they purchase by that name. The test is very simple
and attended with no trouble, viz., Pour a bottle of water
into a tumbler ; stir it about with a teaspoon for three or
four minutes, when nearly all the fixed air will be libe.
rated; then take as much tar. taric acid, in powder, as wi!l
half fill a ter spoon, and drop itinto the water ; if there i°
soda in the water the tartaric acid will immediately act
upon the soda, and, in neutralizing ihe alkali produce a
very powerful effervescence ; if, on the contrary, it does
not effervesce, you may be assured there is no soda in the
water.
Every bottle of Webli's double soda-water is warranted
to contain fifteen grains of the pure carbonate of soda.
I am, Sir, yours most respectfully,
Colebrooke Cottage, Islington. JOHN WEBB.

BRUSSELS, Aug. 19.—The King and Queen.,
the two young Princes, with a numerous suite, are gone to
Ostend. A letter from Ramsgate says that their Majes-
tes are expected in that pert before the end of the month,
3,, tl.:ir t( Witidsor. %,,iz.rtt they arc going to paY a
visit to her Majesty the Queen.

THE BRITISH ASSOCIATION.
BIRMINGHAM.

• (rnom OUR OWN CORRESPONDENT.)
ifPaP,MINGIIAM, WEDNESDAY, AUG. 21.—The various
,nnimittees appointed to make arrangements for the ap-
pro wiling meeting of this distinguished body, whose
bit ti n g.,-; commence here on Monday next, have brought
I their labours nearly to a close, and everything bids fair
for a. quiet and pleasant, if not a brilliant meeting. The
coon is necessary for the accommodation of the different
GNIi one have boon already set apart and fitted up, and
ehh•italli some of them are smaller than could be wished,
yet it is hoped that the inconvenience arising from this
tareue %stance will not materially interfere with the pro-
teedin gs of the sections. The model committee have
been i; idefatiu-able in their endeavours to collect and ar-
range ; in exhibition of objects illustrative of the general
"ienee. and local industry of Birmingham and its vici-
i ri'itY, mid the specimens of mechanical skill which they
have succeeded in collecting, will, in all probability,
prow a (at least to the general mass of visitors) one of the
111". ; ;attractive features of the meeting. Although the
titan lb, !r of members enrolled in and about Birmingham,
;!11' hi! 1 the last month or six weeks, does not exceed three
"Ini red, the lukewarmness, or perhaps it might be more
11"17 ectly termed diffidence, shown in this respect can-
,n °t • as far as I am able to judge, be attributed to any
irt(' isposition on the part of the inhabitants to give the
P) embers of the Association and the numerous strangers
ho may be expected to visit the town in the
C nurse of the ensuing week, a warm and cordial
/ eception. Indeed the best criterion of the spirit with
'hick the matter has been taken up is, after all, to be
I yoked for in the state of the subscription lists, which
t wince a degrae of liberality worthy of the object which
1 ,as called it forth ; and if there be no surplus fund at
1 the close of the meeting, as was the case in Newcastle,
1 there will be no want of means to second the hospitable
disposition of the people of Birmingham. While upon
1 this subject it may be as well to observe, as an important
Item_ in the comforts of the numerous visitors who may
be expo. cted to crowd our town, that measures hare been
- taken to secure, on terms as reasonable as could under
- the c.rcumstances be expected, every accommodation in
l' -the shape of lodgings for the members of the Associa-
i.w I. The extent and variety of the manufactures car-
)? d on in Birmingham will afford a gratifying treat to
iV Jose who may feel disposed to visit the various work-
:shops and manufactories, while the coal-fields and im-

Portent iron works in the neighbourhood will amply repay
a visit. In making arrangements for entertaining the
Association the committee have not been unmindful of
the gratification which such a visit is calculated to afford, as
rthey have already planned an excursion to Dudley Castle,
about eight miles distant, for Friday, the 30th, in order to
afford to non-resident members an opportunity of visiting
• the Iron Works, the Sedgley Hills, the Rowley Bills,
and the limestone caverns in that vicinity. The scenery
of the caverns, which are of great depth, is truly grand
(4nd sublime ; the material through which the excava-
. tiems are made, being of a hard and adhesive character,
t' le natural pillars which support the roofs occur only at
r 'wide intervals, and give to the whole a grand and fearful
'appearance. Adjoining the Castle grounds, which at
tthis season of the year have a rich and picturesque ap-
ipearance, and at the bottom of a romantic rocky chasm,
a sm ill natural basin, from which proceed, in three
' directions, the branches of the subterraneous canals
which are cut through the hill. By following the course
of these gloomy regions, the silence of which is only
broken by the hammer of the miner or the reverberations
of explosions in the blasting of the rocks, the visitor
will h'lve an opportunity of witnessing the manner in
which the operations of the miner are carried on, and of
viewing the magnificent subterraneous chambers which
it contains, some of which are three hundred yards in
length,
end from thirty to forty yards in height. To
the 'limbers of the mineralogical and geological sec-
tion
5. no .less than to the lovers of chemical and mecha-
nical 3, ..ience,
such an excursion cannot fail to prove
• fdeeply interesting. The main canal, two thousand yards
'a le.igth, and nearly two hundred yards below the
1114;-'1• vital, exhibits the position and character of the
St rqta composing the various beds which abound in the
1 -p!teifi,al forms of animals of the marine species. Nearly
230 spec;es of shell-fish, Zoophytes, and marine insects
have been discovered in these quarries, some few of
wnielt belong to existing families, but the greater ',tart
are co upletely unknown. On 'Wednesday, the 28th,
the Paerticultural Exhibition takes place at the Bo-
Itanic Gardens, Edgbaston, where the members of the
Asss eciation will be invited to attend. These gardens
are very extensive ; delightfully situated in the midst
of a. picturesque and highly cultivated country, about a
mile. and a half from the town, and should the weather
be fine on the occasion, will prove a source of delight-
ful recreation. While in this quartet. of the suburbs
the members will have an opportunity of visiting the
Deaf and Dumb Asylum, one of the most valuable
and benevolent institutions of which Birmingham can
boast. The institution is admirably conducted, and re-
fleets equal credit on the committee, and the zeal and
taleot of the masters entrusted with the care of the
.childre 4. It. is a matter of deep regret that the means
at the dis/osal of the committee of this institution com-
pel
,t'aena every succeeding sear to reject a number of
imp asss objects who solicit an asylum beneath their roof.
A, acingst the other public institutions and buildings in
Batningharn which will be found worthy of notice, are
4.he Town Hall, containing in the interior one of the
largest rooms in Europe ; the Market Hall, an extensive
and well arranged building ; the Free School, a splendid
Gothic structure, abounding in rich architectural details ;
and the magnificelt structures erected at the depot of
the London and Birmingham station, which, although
situated in a quarter of the town but ill calculated for
giving strange:s on their arrival a favourable impression
of the general appearance and character of Birmingham,
will eevertheless amply repay a visit. Having taken a
harried glance at Vile preparations which have been
'bade, and resources which the town and surrounding
district, present to the members of the Association, I
shall now proceed to give you a few brief particulars as
to the arrengements for conducting the proceedings of
the Meeting. A general ordinary will be provided on
Thursday, the 29th of August, in the Town Hall, which
is capable of accommodating at least three thousand
persons. The dinner will take place at half past five,
and from the moderate charge fixed upon (10s. 6d. each
I .Person) this number, if not more, will be present. Din-
ner will also be provided on the other days of the week,
•at five o'clock, at the New Royal Hotel, New-street ;
the Union. Inn, Union-street ; the Acorn, Temple-
street ; and the White Horse, Congreve-street. Plans
of each days ordinary (on a large scale) will
' Sbe
ho placed in the reception room of King Edward's
col, where attendance will be given from eight to
five p.m. daily, on an
purpose of enterin d after Saturday next, far the
their g the names of members as they secure
' Places, and receiving payment for their dinner
tickets. No place for any of the ordinaries can be taken
by naemJers resident within 1,5 miles of Birmingham
uPtil t'Al each day ; but members coming froma greater
_t.'si:a'ace have the privilege of bespeaking, in addition to
pitr own ticket, another for one friend, whether resi-
-edent or not. Breakfast will also be provided daily, from
ileight till ten, during e'ais week's meeting at the above-
named places. One of the large rooms of King Edward's
School., which il situated in the centre of the town, will
be opened tie-morrow for the reception and election of
tnerabers,lor the distribution of tickets, programmes. &c.,
'sod !at! giving information in regard to the arrival and
l'ica.t., on of members, lodgings, ordinaries, and other ar
raegements. Attendance will be given in this room in
time morning and evening of each day, for which point
all members, on their arrival, will at once make, before
proceeding to the hotels or inns of the town. The Gene-
ral Committee have appointed their first meeting to be
held on Saturday next, the 24th August, at one o'clock,
in the Li'jrary of King Edward's School, and will meet
"i•tervrards, according to adjournment. On Monday
.1 evening, the 26th, the first general meeting of
I tb.: Association will be held in the Town Hall

When the Rev. William Vernon Harcourt, F.R.S., the
President Elect, will take the Chair. On Tuesday
evening a conversazione will be held in the Town Hall.
The arrangements for the two following evenings are
net 3 et. fixed ; but on Friday a second conversazione
will take place, and on Saturday evening the concluding
ger.eral meeting of the Association will be held, when
o,e proceedings of the General Committee, and the
grounds of the several grants of money sanctioned by
will be explained. On Thursday the 09th, the
Cie,,eral Committee will meet to determine where the
next meeting of the Association shall be held, and to
appoint officers for that meeting. The Sections will
az,semble for the reading and discussion of reports, and
other communications (which it is understood will he
very numerous), each morning, commencing on Mon-
day at 1 l o'clock, and will be continued throughout the
week, with the exception of Saturday. The following
arc the places appointed for the meetings of the various
S .ctians :—Scction A, Mathematics and Physics, King
Eilu,ard's School, New-street ; Section 13, Chemistry
ad Mineralogy. Copper Company's Room, Canon-
street ; Section C, Geology and Physical Geography,
Philosophical Institution, Canon-street ; Section D,
Zoology and Botany, Athenaeum, Temple-rosy ;
Section E, Medical Science, B
Medicanl. School,
Paradise-street ; Section F, Statistics, lard-room,
a•ij N
oining the Newsroom ; Section G, Mechanical
Science, Shakespeare Room, New-street. The places
OF meeting all lie within a convenient distance, and are
in the centre of the town. The Model Room will be
open during the whole week of the. meeting. Amongst
o
the more distinguished individuals wed to he present
are---the eminent French chemist, M. Dumas ; the Rev.
Professors Whewell, Buckland, Powell, Phillips, and
Oxen ; the Rev. Drs.Peacock, and Daubeney ; Col.
Sykes, Major Sabine, Mr. Hopkins, Mr. Delebeche,
Mr. Lyell, and Mr. Lubbock, names honourably con-
nected with science. There are a host of others whose
names 1 have not succeeded in obtaining, but from all I
i
I can learn, the meeting promises to be second in mpor-
; tanee to none which have preceded it ; and if there l
no splendour in the arrangements, there will be want-
ing neither liberality nor warmth of feeling to give the
members a..hospitahle and generous welcome.
•

,ho t i t., st I .i• G.— I iie De +od and 6dinetsct Stag
Liud s took the field last Tuesday.
...—._

INCREASED VALUE OF PRO-
PERTY IN IRELAND.

Mr. WILLIAM WOOLLE.Y SIMPSON is called in, and

exatnioctd as follows :

You are a valuator nnd seller of estates and other
propety in England ?--I am.

Have you been empioyed in valuing and selling estates
in Ireland "2—l have.

For how many ye ars have you been so employed ?
Since the year 1833 .

To what amount have you valued and sold property in
Ireland have sold 425,5951. worth since the year
1834. I valued, which has not been sold, 71,2591.,
which has been bought in, and is unsold.
Is that included in the first sum ?—No ; that is not
part of the 42 5,5951. I have also valued an estate at the
sum of 218,0001. in the county of Galway, for the
purpose of mortgage, and on which a large sum of
money has 'been advanced ; making together between
seven and eight hundred thousand pounds valued by me.
In the 'course of your visits to Ireland for the purpose
of making those valuations ou have, of course, observed
the character and habits of the Irish peasantry ?—I have.
Are you also well acquainted with the conditions and
habits of the English peasantry ?—I am.
Have yota sold and valued property in different parts
of England?--To an immense amount, :n eighteen or
nineteen different counties.

In what counties in Ireland did you value estates ?
In the county of Down, in the counties of Dublin and
Kildare, in Tipperary, in Cork, in Waterford, Kil-
kenny, and Limerick.

Did you sell those estates in Ireland by public auction
or by private sale ?—I sold the larger portion by pri-
vate contract. One large estate, Lord de Clifford's,
did not go to auction, but I sold it by private contract
prior to the day on which the property was advertised
to be sold, at 205,000/. I had all the particulars pre-
pared for the auction, but the estate was sold some days
prior to the proposed day of sale.
In what counties have the public sales been effected?
—ln all except Down, which is the estate last mentioned,
and the estate in Limerick. That property was bought
in at 30,300/. ; the owner had been offered 30,0001.
previously. Part of the Waterford property was offered
by auction ; and sold within a few days after by private
contract ; the remaining portion was sold by private
contract without having been first offered by auction.
State the particulars of sale in the county of Tippe-
rary ; at what rate of purchase it was sold ?—This
estate was near the town of Cashel ; one part of it
within about six miles. The leases on parts of this pro-
perty were granted in 1775, 1778, 1786, 1826, and
1827. The rental of lot 1 was 1871. 3s. 6d., which
I valued at 25 years' purchase upon the actual rent,
4,6501. I considered there was a reversionary interest
or improved rent derivable on the falling in of the exist-
ing leases, which I calculated at 3201. a year, that is,
an advanced rent upon the actual sum paid. The re-
versionary value upon the expiration of the old leases
amounted to 2,3501., which, if added to 4,6501. (the
value of the actual rental taken at twenty-five years'
purchase), makes 7,0001.; that was the absolute sum at
which it was sold.

Do you consider the sale of an income in reversion
as a proof of the purchaser's estimation of the security
of the property of that country ?—Decidedly. If I
may be allowed I will give my reasons for that opinion.
Has the result of the sales you have made
in the counties of Down and Limerick, and Kil-
dare and Dublin, and Cork and Kilkenny, and
Waterford, proved, in your judgment, that investments
of this description are considered secure in Ireland, and
elizible investments ?—I should so, certainly.
Is the result of your observation, that landed pro-
perty is generally improving in Ireland ?—I consider
that it is.

Have any of those estates you have sold in those
counties been purchased by Englishmen ?—One of them
in Waterford has been purchased by an English Noble-
man ; and another estate, in the county of Cork, has
been purchased by a Scotch gentleman residing in
Edinburgh, for 70,000/. ; Sir Robert Abercromby,
Bart„ cousin of the late Speaker, was the gentleman
alluded to.

Did you sell any property to Stipendiary Magistrates?
did ; to Mr. Wilcocks.

In what county was the property you sold to Mr.
Wilcocks ?—The county of Tipperary. I sold it at
Clonmel, by auction, in September, 1838.
What was the estate bought by the Englishman ?
One near Waterford, sold for 21,0001., to an English
Nobleman.

What were the circumstances of the purchase by Mr.
Wilcocks ?—He gave 1,030/. for a rental of4l/. 12s. 10d
which is nearly twenty-six years' purchase. It will be
right to state that I considered that there would be
an improved rent of about 181. per annum on the ex-
piration of the existing lease, worth 551., included in
that amount, which ought to be written off on that ac-
count, leaving it near 25 years' purchase, deducting the
reversion.

Can you sell estates in Ireland as freely as you sell
English estates ?—Quite.

[lave you found any difficulty in procuring pur-
chasers, from the state of the country ?—I never heard,
in all the sales I have made, an observation in the sale
room, or has any objection ever been offered to me, by
a purchaser, regarding the state of the country.
Are you now preparing for sale other estates in Ire-
land, and have you an intention to defer the sale on ac-
count of the state of the country ?—On the contrary, I
am rather desirous to bring on the sale in question as
early as possible. I cannot do so before November. I
am going to Ireland now, to value this estate, consisting
of 8,000 Acres, near Clonmel, in the county of Water-
ford, and there are persons residing in England now
wishing to purchase it by private contract, and willing
to give large prices for it.
Are they Irish or English ?—English.
Do you consider land to sell at a lower price in Ire-
land than England?--I consider that, taking the
staple of the land, and making an allowance for the want
of cultivation, the chief or head landlord in Ireland does
not let for so much as land generally lets for in England.
I say nothing respecting the profit derived by the inter-
mediate landlord or middleman.

By the head landlord you mean the first landlord ?
Yes.

You do not mean to say that less rent has been got
in Ireland by the head landlord and the under landlord
together?—l mean to say that the head landlord in
Ireland has received less from his immediate tenantry
than the English landlord here usually does, and that
by the prevalent mode of subletting in Ireland the mid-
dleman extracts a rent so excessive that it necessarily
leads to that exhausting course of cropping and cross-
cropping which is so much to be deprecated.

1)o you consider then, that altogether, including head
landlord and the middleman, they get more rent for the
land than they do in England ?—I do.

Do the tenantry of Ireland in general pay higher rent
in proportion to the value of the land than the tenantry
pay in England ?—Yes ; I mean the occupying tenants.
The head landlord will have let perhaps two or three
hundred acres, which surface is subdivided by the tenant
holding immediately from the head landlord and his
sub-tenants into fifty or sixty occupations.

_ .
But on those estates where there are no middlemen
how is the case ; where the occupying tenant derives
title from the immediate landlord ?--Then they are let
at moderate rents ; and, generally speaking, all the
holdings from the head landlord are on lower terms than
in this country. Thus, taking the natural staple and
power of the land, the head landlord lets at lower rents
to the middleman than those obtained in England
generally.

Does he let at a lower rent also to the occupying
tenant, supposing there to be no middlemen P—l think
so, decidedly.

When you say the landlord lets at a lower rent than
the rents in England, is not the tenant generally charge-
able with repairs and outgoings in England to which he
would not be subject in Ireland %—That depends on
circumstances. Sometimes the land is let in England
so that the tenant does all the repairs, when in fact
they are rarely done at all, and certainly never effec-
tively. In other cases the landlord finds the rough
materials, and the tenant the labour. With respect to
Ireland, I do not think much is expended in the way of
repair. _

Have you ever visited the estate of the Marquis of
Downshire in the county of Down P---I have never
visited that estate, but I have heard the highest cha-
racter of it. I found on surveying the late Lord De
Clifford's estate, in this county, and I believe such ge-
nerally prevails in the north of Ireland, that there was a
tenant's interest in the land amounting to 101. an acre ;
so that if a tenant be ejected he receives a sum for his
improvements and buildings from the incoming tenant,
or if he do not pay it the landlord must. Thus there
is a protection for the tenant in the north of Ireland
which does not exist in the south. The condition of the
tenantry in the north is widely different in consequence,
and there is an absence of that distress so prevalent in
the south.

Have you ever beard of more than 101. an acre
being given for the tenant's right ?—No, I never heard
of more.

Do you consider an investment in land as secure in
Ireland as in England ?—I do consider that to be the
fact. If I had 100,000/. to invest to-morrow I would
go to Ireland to invest it, and would recommend any
friend of mine to do the same.
Have you ever bought any with your own money ?
No.
To what do you ascribe this rise in the value of land
in Ireland to which you have spoken ?—I ascribe it ge-
nerally to the progressive improvement in the cultivation
of the soil. There appears now to be a disposition on
the part of the landlords to improve their property by
rendering assistance to their tenantry ; and I have ob-
served many instances where leases havinn- fallen in, the
subletting system has been done away
Kith in a great
degree, and the landlords, with a view to their own
bent fit as well as that of their tenants, make provision
for drainage and improvements, by assisting
their tenants
with materials and s.nall advances.
facDirnt 211 i
rt.! luegEchiathi‘,n:rlie,adse i n thegreat
effect '?—l consider that to be the main cause ; and I

noticea the circumstance in a speech which I made at
Liriterick in January last, when I remarked that steam
::ommunication would, by bringing the two countries

( mere closely together, and thereby creating a recipro-
icity of feeling and interest, make Ireland become every
day more identified with England, to the great benefit
of the two countries. Bringing the tenants into
contact with their landlords more frequently I
think will be of immense service. The railway
has brought London within a few hours com-
munication of Liverpool, and Dublin is united
to Liverpool, as it were, by a bridge of boats. This
expeditious transit must tend very much to the improved
cultivation of Ireland, and the civilization of the minds
of the people.
_ _

1833 was the first year in which you knew Ireland ?
Yes.

Did you observe that this improvement was in the
act of taking place in 1833 ?—Yes, but more particu-
lady in 1834. I was in the North in 1833.
You observed it still more in 1835 ?—Yes, and still
more since. I have advised the tenantry to cultivate
green crops. They have replied, "Of what use would
it be ? If we grew turnips they would all be stolen !"
I rejoined, " Why are not your potatoes stolen ? It is
only because turnips would be a novelty in the country
that they would be liable to be stolen, but if they were
generally grown this would not be the case, and you
would find so great a benefit from their introduction,
that you would soon see that the country would be
universally in favour of growing green crops in rotation."
How long have you been a valuer and seller in Eng-
land ?—Nearly twenty years ; and I farmed under the
present Lord Western about 800 acres before I com-
menced by present avocation.
Has not the value of land during the last eight or
nine years been increasing in England also ?—lt has ;
it was exceedingly low about the years 1821 and 1822,
but during the last eight or ten years it has risen con-
siderably. I let a farm in Norfolk at 8001. a-year last
Michaelmas, for which I would have been glad three
years previotisly to have taken 7001. per annum.
What net per-tentage is generally obtained by a
purchaser of an estate in England, where the situation
is not objectionable ?—lt depends very much upon the
county. If in Yorkshire, where I have been lately
valuing an estate which is to be sold by auction, the
current rate is thirty years' purchase ; that would be
about three and a quarter per cent. I should say, in
the eastern counties, about three and three quarters
per cent., or between twenty-six and twenty-seven
years' purchase, is the rate at which estates are sold.
We could not get, in 1821 and 1822, nor until about
eight or nine years ago,:more than twenty-five years'
purchase, or four per cent. on the :investment, in this
part of England. In Cambridgeshire and other fen
districts, which may he likened to some of the Bog
counties in Ireland, I do not get more than three to
four and twenty on the actual value ; I do not
mean the rental which the tenant might pay,
because he might pay too much or too little, but upon
the fair value of the land. In the southern and western
counties (the Weald of Kent and other flat and cold
districts excepted, where more than twenty-five years'
purchase is not to be obtained,) I can obtain twenty-
eight years' purchase.

In fact it varies from three to four per cent. ?—From
three and a quarter to four,per cent.
In making a purchase in Ireland, does not the
purchaser expect to make five per cent ?—I
have sold property in Ireland which was ecclesias-
tical property, and subject to heavy head rents, in
the county of Waterford. I was told by intelligent
men that I should not get more than fifteen years' pur-
chase, but I obtained for the portions sold what I con-
sidered equivalent to nearly twenty years' purchase,
taking into account and deducting the reversionary
value- I sold an estate in a remote part of Tipperary,
which was in a dreadful condition, for sixteen ears' and
a hail purchase, where it was crowded with bad tenants ;
and in other parts of Tipperary I have sold at from
twenty to twenty-three years' purchase, and even up to
twenty-five years' purchase.

Does a purchaser expect to make .5 per cent. in
making a purchase in Ireland ?—That is what they
calculate upon, but they have purchased very differently
to that.

Are you to be understood that you have sold any
property for thirty-seven years' purchase ?—Thirty-six
and a half.

In what county was that ?—ln Tipperary. It was
sold for 2,1001. to the late Mr. Wise, of Cork, the dis-
tiller.

How far was that land from the town of Cashel ?—I
should think about a mile from Cashel.
Was that previous or subsequent to the murder of
Mr. Cooper ?—lt was in the year 1837.
Were there any leases for ever upon those estates
you have referred to ?—Yes there are some leases for
even—Lords' Committee on State of Iriand.