Thoughts On the Liquidation of the Public Debt, And On the Relief of the Country From the Distress Incident to a Population Exceeding the Demand for Labour 35

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That all government stock, not held by foreigners residing out of the kingdom, be reduced in the same proportion.
That all home appointments in and midcr the govern- ment, and government pay and pensions generally, be re- duced in the same proportion.
It is difficult to estimate the pri\'ate property of tlie United Kingdom, mth the accuracy to be desired. By tlie statement pubhshed by Dr. Colqidioim, described as " An attempt to estimate the Property in Great Britain and Ire- land" (1812), tlie
... amount of private property in the United Kingdom is taken at 2,647 millions* : in that statement the cultivated lands constitute one half nearly, of tlie whole sum ; the cultivated lands in England and Wales being estimated at somethuig more than £24 per acre. This is a moderate rate of estimate. The other particulars are evidently tlie re- sult of much labour and research, and considering the sub- sequent increase of buildings and other evidences of an increase of propeiiy, there does not appear to be any reason to question the propriety, for the present pm-jiose, of esti- mating the private property in the United Kingdom, at 2,800 millions, at the least.

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