AR, (D.) JUNE, 1832.

INCOME.
By 3941 fleeces, at 2 1/4 lbs. 8867lbs. wool at
1s. 6d. 665 0 0
EXPENDITURE.
To 2 Shepherds at 30 pounds 60 0 0
To 2 Ditto 25 50 0 0
To 4 Ditto 20 80 0 0
To 3 Watchman &c. 60 0 0
(one to take charge of rams)
To Hurdles &c. 10 0 0
---------
260 0 0
To 18 Rams at 10 pounds 180 0 0
---------
440 0 0
---------
225 0 0

5th YEAR, (E.) JUNE, 1833.*

INCOME.
By 5864 fleeces, at 2 lbs. 12,294lbs. wool at
1s. 6d. 922 0 0
EXPENDITURE.
To 2 Shepherds at 30 pounds 60 0 0
To 3 Ditto 25 75 0 0
To 5 Ditto 20 100 0 0
To 3 Watchman 20 60 0 0
To Hurdles &c. 20 0 0
---------
315 0 0
To 10 Rams at 10 pounds 100 0 0
---------
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.