1 14 13s. per acre, and in the south-west it rises to 19s. per acre. The wide differences in these areas are probably due to the good quality of much of the pasture in these districts. On the other hand, it is noticeable that in the northern and the north-western divisions the average rental of pasture holdings is somewhat below that of arable holdings. The highest rents for arable farms are in the north-west, while the lowest rentals are found in Wales. As regards rough grazings, information regarding the average rental value was obtained separately from crop reporters, but, in addition, reporters were asked to estimate the average number of live stock grazed on rough grazing land with the object of providing some indication of the tenants’ capital required in respect of such land (see section 3 of this chapter). These par- ticulars are shown in the following table :— AVERAGE RENT PER ACRE OF Rouen Grazing LAND AND AVERAGE NUMBERS OF LIVE STOCK GRAZED PER 100 ACRES. Division, Eastern - - North-Eastern South-Eastern Fast Midland West Midland South-Western Northern u North-Western North Wales South Wales Total Average rent per acre. ed, 7.11 7 4 3 [oi Average number of sheep and cattle grazed per 100 acres. Sheep. Cattle. 63 48 34 9 LO 7 + 26 41 57 97 (9 2 = The estimated average rental value of rough grazing land varies considerably in different districts. In the eastern and north-eastern divisions, and the east and west midlands the estimated average is between 7s. and 8s. per acre, while in the south-west it is as low ag 4s., and in North Wales only 3s. per acre. The various estimates given above provide a means of calcu- lating the gross rental value of agricultural land (including buildings) in England and Wales. This has been done by apply-