REALISATION. 197 



In the first place there is the clip of 1,370 sheep, which may 

 be taken as averaging 4! Ibs. each, or slightly under 5 Ibs. 

 This equals 6,580 Ibs. at nd. per lb., or ^"315 55. iod., less 

 draft, &c., 312 los. 6d. The next item will be the sale of 

 320 cull and fat ewes, which, if good, we may take at 453. 

 each early in August. This gives a return of ^"720. The 

 lambs may fairly be considered as half composed of wethers 

 and half of ewe lambs, of which 190 will be for sale. I 

 estimate the values of the lambs sold in August as follows : 



s. d. 



IOO prime wether lambs at 50$. 250 o O 



ioo at 453 225 o o 



200 at 355 350 o o 



150 smaller lambs at 305 225 o o 



ioo ewe lambs at 403. ... 200 o o 



90 at 353. ... . 157 10 o 



1,407 10 o 

 Deduct for losses ... 45 10 o 



Net sales 1*362 o 



The total proceeds of such a flock would therefore be- 



s. d. 



Wool 312 10 6 



Ewes 720 10 o 



Lambs . ... 1,362 o o 



2,395 6 



There would also be the sale of cull rams, casualty sheep, 

 and skins, which would probably bring up the sum to "2,400 

 or thereabouts. It will, therefore, be seen that the return in 

 sales from a flock of 1,000 ewes maintained on 1,000 acres 

 would amount, in such a case as this, to over 2 each ewe, or 

 each acre.* 



* This estimate was made when sheep ruled high, and prices might easily 

 be los. or even more per head below those given in the text. On the other 

 hand we have seen prices higher. 



