Publisher's Synopsis
Excerpt from The Farm Valuer
While every farm or landed estate has a surface value, depending on soil, climate, situation, woods, and build ings, &c., it must not be forgotten that it may also have another and a second value, depending on the nature, abundance, and accessibility of the rocks and minerals below. From inability on the part of the purchaser or seller to estimate the capabilities in one or other of these directions, landed property is very often bought and sold much above and below its value.
In valuing a farm or estate for purchase or sale, therefore, next to a knowledge of practical agriculture, there is nothing more requisite than a knowledge of surface geology, and of the different rock formations, and a right understanding of the law of superposition Of these rocks. The land surface may be worth only a few shillings per acre, but the presence below of coal.
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