314 BORROWED CAPITAL 



Cost of homestead : 



Cottage ^ 300 ljx?*o 



Buildings ^50)^" 



A. i?350 at 5 per cent. (Lands Improvement s. d. 



loan) 17 18 9 



B. i?350 at 4 per cent. (Government loan) ... 14 



A loses 6 18s. 9d. per annum. 

 B loses 3 per annum. 



Case 2. Mixed Holding or Grass Farm, Ten to Twenty 

 Acres {take Fifteen Acres for Calculation). 



s. d. s. d. 



Rent from farmer at 30s 22 10 



Rent from small holder at 50s. ... 37 10 



Rent from small holder's cottage ... 6 43 1 



Gain in rent 91 



Cost of homestead : 



Cottage ^ 300 W()0 



Buildings J100J 



A. i?400 at b\ per cent. (Lands Improvement s. d. 



loan) 20 10 



B. .400 at 4 per cent. (Government loan) ... 16 



A gains 10s. per annum. 

 B gains 5 per annum. 



Case 3. Mixed Holding or Grass Farm, Twenty to Fifty 

 Acres {take Forty Acres for Calculation). 



Rent from farmer at 30s. ... 

 Rent from small holder at 40s. 

 Rent from cottage 



Gain in rent 



