415 0 0
---------
507 0 0
----------
Net profit by sales of wool in 5 years 1024 0 0

1024 0 0 divided by 5 gives 204 8 0 for annual interest on the
original capital of 2814 0 0, (about 7 1/4 percent per annum)
in addition to the accumulation of capital itself, shown by the
valuation of stock.

*These accounts are a year in advance of the sheep returns, in order to
bring them to the time at which the wool would be sold.

VALUATION OF SHEEP, JUNE, 1832----(RETURN E.)

1614 Ewes from 1 to 4 years old at 3 pounds each 4842 0 O
620 Do. 4 to 7 years old 2 1240 0 0
780 Female Lambs 2 1560 0 0
2405 Wethers and Male Lambs 15s. 1803 0 0
45 Rams (original cost, 450l.) 400 0 0
----------
9845 0 0

Note.--About 500 pounds would be added to the Income on the fifth year,
by the sale of wethers of 3 and 4 years old.

The cost of rams ought, strictly speaking, to be added to capital, and
not deducted from Income; but these returns were made out in their
present form at the request of a gentleman proceeding to the Colony
with a limited capital, and who wished to know how much he might safely
invest in sheep.

APPENDIX No. IV.

LIST OF GEOLOGICAL SPECIMENS, COLLECTED IN THE DISTANT INTERIOR DURING
THE FIRST EXPEDITION, WITH THEIR LOCALITIES AND THEIR RELATIVE
DISTANCES FROM EACH OTHER.

It may be necessary to observe that the height of the Cataract of the
Macquarie River above the sea, was ascertained by barometrical
admeasurement to be 650 feet. The country subsequently traversed is
considerably lower. The specimens refer only to the geological
formation of the distant interior.

Schorl Rock.--Colour blueish grey, fine grained, extremely hard.
Composed of Tourmaline and Quartz. Forms the bed of the Macquarie at
the Cataract, 75 miles to the N.W. of Wellington Valley.

Decomposed Mica Slate.--Colour white; yields to the knife; adheres
strongly to the tongue.