45 



SUMMARY OF PRECEDING DIAGRA^MS. 



DEFINITIONS OF PRECEDING DIAGRA3iIS. 



Diagram No. 1 shows the products of twenty years' averages (1850 to 1870) at the 

 average Gazetted prices for Cereals ; from 1873 to 1883 with prices for Meat ; for 1874 at 

 the preceding twenty-three years' averages. 



Diagram No. 2 is estimated on the produce in quantities of 1850 to 1873, at Gazetted 

 prices for Cereals between 1873 and 1883, and at the estimated prices for Meat for 1874. 



The result of Diagrams 1, 2, and 3, as stated below, may be assumed to have been the 

 result had the farm in question been kept uj) from 1873 to 1883, viz.. Diagram No. 1, 

 £10 9s. O^d. ; Diagram No. 2, £15 2s. 4fd. ; Diagram No. 3, £8 13s. 9|d. The whole 

 (including game damages) averaging £11 8s. 4|d. 



Diagram No. 3 shows the extent of the fall in value in Cereals for the years of 

 average, and tlie increase in the lise in prices for ileat, which it will be necessary to obtain 

 in the future, and which is proved in the following transposition of affairs. It must, 

 however, be borne in mind that the three years' averages could onlj- have been maintained 

 by the use of ample capital. 



