Apart from this general feudal germ of legislation on corn, the history of the British corn laws may be said to have begun with the statute in the reign of Henry VI. (1436), by which exportation was permitted without state licence, when the price of wheat or other corn fell below certain prices. The reason given in the preamble of the statute was that the previous state of the law had compelled farmers to sell their corn at low prices, which was no doubt true, but which also showed the important turn of the tide that had set in. J. R. M'Culloch, in an elaborate article in the _Commercial Dictionary_, says that the fluctuation of the prices of corn in that age was so great, and beyond all present conception, that "it is not easy to determine whether the exportation price of 6s. 8d. for wheat" [12s. 10d. in present money per quarter] "was above or below the medium price." But while the medium price of the kingdom must be held to be unascertainable in a remote time, when the medium price in any principal market town of England did not agree with that of another for any year or series of years, one may readily perceive that the cultivators of the wheat lands in the south-eastern counties of England, for example, who could frequently have sold their produce in that age to Dutch merchants to better advantage than in their own market towns, or even in London, but were prohibited to export abroad, and yet had no means of distributing their supplies at home so as to realize the highest medium price in England, must have felt aggrieved, and that their barons and knights of the shire would have a common interest in making a strong effort to rectify the injustice in parliament. This object appears to have been in some measure accomplished by this statute, and twenty-seven years afterwards (1463) a decided step was taken towards securing to agriculturists a monopoly of the home market by a statute prohibitory of importation from abroad. Foreign import was to be permitted only at and above the point of prices where the export of domestic produce was prohibited. The landed interest had now adopted the idea of sustaining and equalizing the value of corn, and promoting their own industry and gains, which for four centuries, under various modifications of plan, and great changes of social and political condition, were to maintain a firm place in the legislation and policy of England. But there were many reasons why this idea, when carried into practice, should not have the results anticipated from it.