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Though the whole annual produce of the land and labour of every

country is no doubt ultimately destined for supplying the

consumption of its inhabitants, and for procuring a revenue to

them; yet when it first comes either from the ground, or from the

hands of the productive labourers, it naturally divides itself

into two parts. One of them, and frequently the largest, is, in

the first place, destined for replacing a capital, or for

renewing the provisions, materials, and finished work, which had

been withdrawn from a capital; the other for constituting a

revenue either to the owner of this capital, as the profit of his

stock, or to some other person, as the rent of his land. Thus, of

the produce of land, one part replaces the capital of the farmer;

the other pays his profit and the rent of the landlord; and thus

constitutes a revenue both to the owner of this capital, as the

profits of his stock, and to some other person as the rent of his

land.