7 



By sundries 



" interest on money expended during the seven years, say 



cost of stripping 500 tons of bark, at 25s. per ton 

 " cost of carting same to market, at 10s. per ton 

 Balance, being clear profit 



£ 50 



280 



625 



250 



1,108 



£2,900 £2,900 



Notes on above Estimate. — At the distances apart which I recommend the trees to be grown, namely, 

 4 to 6 feet, there will be an average of 1,200 trees to the acre. In order, however, to make due allow- 

 ance for blanks, I base my calculations upon there being 1,000 only to each acre £5 per ton is only 

 two-thirds of the present selling price of bark. I give 5 tons as the probable yield per acre. That 

 this is a low estimate will be admitted, when it is considered that this only allows for lOlbs. of bark to 

 be taken from each tree. (J. E. Brown). 



3. Estimate of Expenditure upon and Revenue from a "Wattle Plantation of 100 acres, during a 

 term of seven years, by Mr. Gr. Perrin, Conservator of State Forests, Victoria, 1889. 

 He recommends the cultivation of the broad- leaf wattle (A. pyenantha j; 



broadcast sowing. 



Expenditure. 



To rent of land at 4d. per acre under Wattle Cultivation Bill 

 " fencing, say, 1 mile and 3 quarters, at £40 per mile 

 " ploughing (and harrowing twice) at 14s. per acre 

 " purchase of seed, lib. per acre, 1001bs., at Is. 



" ploughing and burning of fire-breaks, four blocks of 20 acres each, with 20 feet 



roadway between each block, three furrows on each side at £10 per annum 

 " vermin destruction, and unforeseen expenses, say 



" first pruning and thinning at end of second year after sowing, say 10s. per acre 

 " final pruning about fourth year (superficial only) at 5s. per acre 

 " interest on seven years' rental ... £3 15 



" interest on expenditure, say ... 206 10 



" stripping 100 acres of wattles (1,200 trees to the acre) producing 121bs. of the bark 



per tree, or 642 tons in all, 25s. per ton 

 " cartage to a railway station, say 5s. per ton 



£ 



8. 



d. 



1 



13 



4 



70 











70 











5 











70 











50 











50 











25 











210 



5 







802 



10 







160 



10 







£1,514 18 4 



Receipts. 



By 100 acres of wattle-bark from 1,200 trees to the acre, each 



producing 121bs. of bark— 642 tons, £7 10s. per ton ... £4,815 



Less expenditure ... 1,514 18 4 



Profit ... £3,300 1 8 



Table to aid in the comparison of the more important items contained in the three foregoing esti- 

 mates. 



A. — Out-goings. 



Cost of land per acre 

 Rent per acre per annum 



Fencing, per mile 

 Ploughing 



Scarifying, per acre 

 Fire breaks 



Seed and sewing- 

 Pruning, &c, per acre 

 Stripping, per ton ... 

 Carting, per ton 

 Supervision for eight years 

 Interest on money ... 

 Contingencies 



Victorian Board. 



6/ 

 £25 



£37 10/ 

 10/ 

 15/ 

 10/ 

 £80 

 £240 (8 years) 

 £27 10/ 



Mr. Brown. 



£3 



£50 

 £40 



4/ 

 £25 



£26 10/ 

 10/ 

 25/ 

 10/ 



£280 (7 years) 

 ^£50 



Mr. Perrin. 



4d. under Wattle Cul- 

 tivation Bill. 

 £40. 



£79 (includes harrow- 

 ing). 



£70 (fuller specifica- 

 tion). 



£5 (seed only). 

 10/ 



25/ 

 5/ 



£210 5/ (fyears). 

 £50. 



