COST OF PRODUCTION 227 
TABLE XXXIV. 
COST OF PRODUCTION. 
Estimate II. 
Per acre. 
£s. da 
_ 
COnpue 
Interest on £35 per acre. 
Land tax at 23d. per £ an 
Local tax at 3d. per £ 
Water rates at 30/- per 100 acres 
Total rents and taxes .. 214 
Add 5% for land occupied by 
buildings, gardens, hedgers ete. 0111 
Skim-ploughing.. 
Discing—two strokes 
Harrowing 
Deep-ploughing 
Cultivating 
Harrowing 
Drilling 
Harrowing 
Seed, 14 bush. at 4/- per pus. 
Manure 13 ewt. at 5/- per ewt. 
Harrowing in spring o. 
Maintenance of hedges and ‘ditches a 
Residual value of grass . 
Total cost of putting crop in 
Cutting, stooking, and stacking 
Threshing at 3d. per bush. on 45 bush. 
Carting at 1d. per bush. on 45 bush. 
Bags at 1d. each net cost .. 
Total expenses of taking crop off 19 2 
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Total cost per acre .. or £5 19 6 
Cost per bus. (45 bus. per ae. yield) 0 2 8 
These estimates have much in common, and little need 
be said of individual items. During the last decade the 
average price of wheat has been about 3s. 11d. per bushel, 
and hence, according to the first estimate, the profit is 
only 3d. per bushel, while the profit on the second esti- 
mate is as high as 1s. 3d. per bushel. It must be noted 
that the specific lands to which these estimates refer, 
lie close together, and both areas are well adapted to 
