115
Ing the estimated rental value of each class and size group of
holdings to the respective areas in each division, and the final
result, including fruit, vegetable and poultry farms, comes to
£41,250,000. To this must be added approximately £1,100,000
for rough grazing land, making a total gross rental value of
£42,350,000. Out of this gross rental value has to be defrayed
the cost of repairs and other outgoings.
The only figure which can be quoted as in any way comparable
with this estimate is the gross income derived from the owner-
ship of lands returned under Schedule A of the Income Tax.
This in the year 1922-23 amounted to £36,660,000, but the basis
of calculation is not precisely the same.
2. Value of agricultural land.—In order to enable some esti-
mate to be made of the total capital value of agricultural holdings
in England and Wales, Crop Reporters were also asked to estimate
on the basis of the actual prices at which any sales had recently
been effected, the average capital value per acre of holdings of
different types and sizes in their district. The average value in
the different divisions for the various size groups is given in
Table 28 in the Appendix, while the following table shows the
average price per acre of holdings of various sizes and kinds over
the whole of England and Wales :—
Average value per acre (exclusive of
Rough Grazings).
Size Groups.
1—- 5 acres -
5-20
20- 50 ,,
50-100 ,,
100-150 1%:
150-300
300-500
Dver 500
Total
Mainly
arable
1oldings.
x
16
12
36
30
26
23
20
ie.
Mainly
pasture
holdings.
xX
62
52
44
37
33
EC
25
28
35
Mixed
holdings.
(
54
46
39
23
30
26
22
9
~Q
All
kinds.
L
60
50
41
34
30
26
29
19
31
a
On the basis of the information thus obtained it is calculated
that the capital value of agricultural holdings in England and
Wales is £795,000,000, to which must be added the capital value
Of the rough grazing land, which may be put at £21,000,000.
Che estimated total value is, therefore, somewhere in the neigh-
dourhood of £815,000,000. It will be understood that this
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