Memorandum,—The deaths have been calculated at the lowest rate under the best management. It may be safer to assume a rate of four or five per cent. per annum.
Account of Expenditure and Income upon Sheep Stock in Australia, appended to Returns A. B. C. D. and E.
1st YEAR, (RETURN A.) JUNE, 1829.
| INCOME. | |||
| By 1265 fleeces, average weight 2 1/4 lbs. 2846 lbs | |||
| wool at 1s. 6d. per lb. | £213 9 0 | ||
| EXPENDITURE. | |||
| To 2 Shepherds at £30 | £60 0 0 | ||
| To 1 Watchman at 20 | 20 0 0 | PROFIT. | |
| To Hurdles, &c. | 10 0 0 | ||
| | 90 0 0 | ||
| | £123 9 0 | ||
| 2nd YEAR, (B.) JUNE, 1830. | |||
| INCOME. | |||
| By 1893 fleeces, at 2 1/4 lbs. 4259 lbs. | |||
| wool at 1s. 6d. | £319 8 6 | ||
| EXPENDITURE. | |||
| To 2 Shepherds at £30 | £60 0 0 | ||
| To 2 Ditto 20 | 40 0 0 | ||
| To 1 Watchman | 20 0 0 | ||
| To Hurdles &c. | 5 0 0 | ||
| | |||
| £125 0 0 | |||
| To 18 Rams at £10* | 180 0 0 | ||
| | £305 0 0 | ||
| | 14 8 6 | ||
| * [The price of rams will probably fall to £5.] | |||
| 3rd YEAR, (C.) JUNE, 1831. | |||
| INCOME. | |||
| By 2780 fleeces, at 2 1/4 lbs. 6255 lbs. | |||
| wool at 1s. 6d. | £469 2 6 | ||
| EXPENDITURE. | |||
| To 2 Shepherds at £30 | £60 0 0 | ||
| To 1 Ditto 25 | 25 0 0 | ||
| To 3 Ditto 20 | 60 0 0 | ||
| To 2 Watchman 20 | 40 0 0 | ||
| To Hurdles &c. | 10 0 0 | ||
| | |||
| 195 0 0 | |||
| To 12 Rams at £10 | 120 0 0 | ||
| | £315 0 0 | ||
| | 154 2 6 | ||
| 4th YEAR, (D.) JUNE, 1832. | |||
| INCOME. | |||
| By 3941 fleeces, at 2 1/4 lbs. 8867 lbs. | |||
| wool at 1s. 6d. | £665 0 0 | ||
| EXPENDITURE. | |||
| To 2 Shepherds at £30 | £60 0 0 | ||
| To 2 Ditto 25 | 50 0 0 | ||
| To 4 Ditto 20 | 80 0 0 | ||
| To 3 Watchmen, &c. (1 to take charge of Rams) | 60 0 0 | ||
| To Hurdles, &c. | 10 0 0 | ||
| | |||
| 260 0 0 | |||
| To 18 Rams at £10. | 180 0 0 | ||
| | £440 0 0 | ||
| | 225 0 0 | ||
| 5th YEAR, (E.) JUNE, 1833.* | |||
| INCOME. | |||
| By 5464 fleeces at 2 1/4 lbs. 12,294 lbs. | |||
| wool at 1s. 6d. | £922 0 0 | ||
| EXPENDITURE. | |||
| To 2 Shepherds at £30 | £60 0 0 | ||
| To 3 Ditto 25 | 75 0 0 | ||
| To 5 Ditto 20 | 100 0 0 | ||
| To 3 Watchman 20 | 60 0 0 | ||
| To Hurdles &c. | 20 0 0 | ||
| | |||
| 315 0 0 | |||
| To 10 Rams at £10 | 100 0 0 | ||
| | £415 0 0 | ||
| | 507 0 0 | ||
| | |||
| Net profit by sales of wool in 5 years | £1024 0 0 | ||
£1024 divided by 5, gives £204 8 0 for annual interest on the original capital of £2814, (about 7 1/4 per cent. per annum,) in addition to the accumulation of capital itself, shown by the valuation of stock.
* [These accounts are a year in advance of the sheep returns, in order to bring them to the time at which the wool would be sold.]
VALUATION OF SHEEP, JUNE, 1832—(RETURN E.)
| 1614 | Ewes from 1 to 4 years old | £3 each | £4842 0 0 |
| 620 | Do. 4 to 7 years old | 2 " | 1240 0 0 |
| 780 | Female Lambs | 2 " | 1560 0 0 |
| 2405 | Wethers and Male Lambs | 15s. | 1803 0 0 |
| 45 | Rams (original cost, 450l.) | 400 0 0 | |
| £9845 0 0 |
Note.—About £500 would be added to the Income on the fifth year, by the sale of wethers of 3 and 4 years old.
The cost of rams ought, strictly speaking, to be added to capital, and not deducted from Income; but these returns were made out in their present form at the request of a gentleman proceeding to the Colony with a limited capital, and who wished to know how much he might safely invest in sheep.