15 



Interest tm Tenants' Advances. In addition to tenants' capital invested in horses and implements, the iarmer incurs outlays 

 beginning at Michaelmas. It may be assumed that the crop will be marketed on the average by 1st January following. 



The interest is charged at 4 per cent. (5 per cent.) on : 

 Autumn cultivations for a period of 12 months ; 

 Spring cultivations for a period of 9 months ; 

 Harvesting for a period of 4 months ; 



Threshing and Delivery Nil. . 



Rents, Rates and Taxes, 6 months ; on half the amount. 

 Seed and Manures 12 months. 



2. Estimated coat of Breeding, Rearing and Fattening Beef Cattle, (1) at the prices ruling immediately before tht 

 War, (2~) at ihe prices ruling in the Autumn of 1919. 



The estimate applies to cattle fattened at two years old (100 weeks) and three years old (147 weeks") respectively. 



In order to eliminate variables the animals are supposed to be bred and fattened by the same owner. The farm is 

 therefore adapted for both rearing and feeding. It is assumed to have a proportionately large area of 2nd and 3rd rate 

 pasturage, and also enough tillage land to provide moderate rations of roots of good quality, and a sufficiency of oat straw. 

 The cattle are assumed to be well-bred, and the results indicated could only be secured on the rations supplied if the 

 management were thoroughly efficient. The gains made up to 23 months old ara based on the weighing of about 130 cattle 

 in seven successive seasons, i.e. of about 18 animals in each year. The weights made between 23 and 34 months are based 

 on the figures obtained in various cattle-feeding experiments. 



The prices used have been : 



Pre-war period. Roots 6*. Sd., Oat Straw 30*., Meadow Hay 50*., Seeds Hay 60*. per ton. Linseed Cake per 



ton 7 lot. less for manure value 2 5*., nett 5 10*. Egyptian Cotton Cake per ton 5 10. less for manure value 



1 15*., nett 3 15*. 



Pott-war period. Roots 15*., Oat Straw 50*., Meadow Hay 80*., Seeds Hay 120*. per ton. Lineeed Cake per ton 25 10*., 

 less for manure value 3 10*., nett 22. Egyptian Cotton Cake per ton 20 5*. less for manure value 2 15*., 

 nett 17 10s. 



A. Cattle fattened off at 23 montk (100 tceekt) old. 



