It is believed that r> revision in the oost 

 keeping system at the nursery will be necessary. Up to 

 date, fcll itens listed under permanent improvements 

 dating b*rek to 1910 h ve been given a \.enty-yeer life. 



le perhaps the g st portion of the total erper, 



tures for permanent improvement will outlive the twer 

 years, still there are many iteras which will not. 

 attempt will be to 3m'ge the length of service of 



these l&st -mentioned iteras, thus clear them from the 



books fiB soon as is Justifiable. 



11 land ci :i, disbursements for clearing 



the land originally, ':nd subsequent improvements in firt 



ve been charged annually on . tvrenty- 

 depreciation bj sis. clearly an error, since 



there is no depreciation whatever on lend, but rather 

 an increased value r to yetr, both for land and 



ditcho . 



Hor shoulc? interest on the money expended for 

 mprovements be charged, unless we mrke interest 

 charges also for tools, implements tnd all items under 

 permanent improvements. 



om the summary of costs in this report, it 

 is shown that, fiside from the amounts expend ec 1 directly 

 on each project, fc;0.34 lor nimals, $1,108 .50 for 



ministration, 1, 71.58 for Mrintenamce, and $681,88 

 for Apportionment of Permanent Improvements, must be 



-71- 



