FIELD FOR CAPITAL AND LABOUR. 187 



Taking stock at this point, allowing for the better 

 quality and class of the young stock, we may assume : — ; 



8,600 Females, representing £3,300 



3,500 Malea, representing at 10s. each .... 1,750 



(1,000 rams and 2,500 wethers). 



5,050 

 Rams 640 



£5,690 



Wool sold, say £1,130. 



There will now be required additional stations or 

 puestos, and additional rams, yearly — some of high- 

 caste — purchased, others taken from the best-bred on 

 the establishment. 



It is in the succeeding period, or ' term,' that the accu- 

 mulative increase tells ; and it is quite within bounds of 

 fair calculation to say that, in the three years of the 

 second period, the wool sales will average 2,000Z. to 

 2,500^. per annum ; that the stock existing and realized 

 in wethers, rams, and old ewes sold, or steamed down, 

 will represent a value equal to 14,000/. at the end of 

 this second period ; and that the land and plant will 

 represent a marketable value of 6,500/. to 7,000/. 



To elucidate the progress of increase I give the 

 following table, from which it will be seen that the 

 foregoing estimates of probable returns are within the 

 mark. 



Assuming that the stock commenced with consists 

 of 5,000 head, say in January, 1865, and that these 

 comprise — 



4,000 Breeding ewes. 

 1,000 Ewe lambs. 



