Page:Irish Emigration and The Tenure of Land in Ireland.djvu/273

Rh to arrive at a correct estimate of what particular areas could afford to pay. At this moment there are three standards of land valuation in Ireland,—there is the competition, or tenant's rent, which is generally in excess of what his limited skill and capital would enable him to produce; there is the agent's rent, which is regulated by what his experience tells him the tenant is able to pay without embarrassment; and there is the theoretical rent, which the land ought to pay if properly cultivated. This latter rent would