COST OP PRODUCTION 241 



EXPENDITUEE. 



s. d. 



58 sacks seed wheat . . . . . . . . 67 11 



Ploughing, cultivating, and sowing crop, purchase 

 of wheat protector, cartage of seed wheat, and 



pickling of same . . . . . . . . 104 19 9 



Labour, cleaning creek, etc. . . . . . . 10 



Spring rolling and harrowing . . . . . . 12 10 



Eeaping, stocking, and binder twine . . . . 60 



Carting sheaves to threshing mill . . . . 18 3 



Stacking straw, tying down, and covering bags . . 406 



Sacks for wheat .. .. .. .. 40 7 1 



Threshing account . . . . . . . . 56 14 6 



F.o.b. charges on wheat . . . . . . 25 8 8 



Insurance on crops . . . . . . . . 9 15 



Haulage of grain to railway . . . . . . 13 3 



Government rent on 98 acres at 35s. 6d. per acre . . 176 8 



Land tax . . . . . . . . . . 20 



Eoad rates . . . . . . . . . . 12 



Profit .. .. .. .. 202 13 11 



833 13 11 



EECEIPTS. 



s. d. 

 Sale of 2,426 bush. 50 Ib. milling wheat, at 5s. lOd. 



per bush. . . . . . . 707 16 6 



Sale of 170 bush. 59 Ib. seconds, at 5s. per bush. 42 14 10 

 Sale of 33 bush. 20 Ib. seed wheat, at 5s. lOd. per 



bush. . . . . . . . . . . 9 14 6 



796 sacks at lO^d. each . . . . . . 34 16 6 



6 straw stacks . . . . . . . . 30 



5 per cent, rebate on Government rent . . . . 8 11 6 



833 13 11 



It should be stated that Mr. W. H. Jamieson gave the use 

 of his implements and team of horses free of cost for a short 

 time during the ploughing and cultivating operations." 



The total cost of growing the crop was 631, and the total 

 yield was 2,646 bushels. Thus, if all other receipts are excluded, 

 the cost per bushel was about 4s. 9Jd. This experiment was 

 carried out under war conditions three years after the experi- 

 ments in estimating costs which are given above. As general 

 prices have risen considerably in this period, the results of this 

 experiment can be considered to confirm the results obtained 

 in this chapter. It is interesting to observe that the total outlay 

 was 631, and the profits 202 13s. lid., showing a profit of over 

 32 per cent. 



