C.—lβ

6

Value of Stock, Improvements, <£c

£ s. d. £ s. d. £ s. d. Amount at 31st March, 1908 ... ... 6,540 2 11 Less value of trees at 31st 1,747 5 4 March, 1908 Less horse-feed in stock at 31st 9 10 0 March, 1908 — 1,756 15 4 ■ 4,783 7 7 Trees, as per Schedule 1 ... ... ... ... ... 704 18 0 2 ... ... ... ... ... 790 13 0 3 ... ... ... ... ... 1,131 13 10 Tools and implements ... ... ... ... ... 2 12 0 Improved value ... ... ... ... ... ... 150 6 8 Horse-feed in stock ... ... ... ... ... 15 10 0 Value of young horses—increased value during year ... ... 10 0 0 £7,589 1 1 Summary. Value of present stock and general improvements ... ... 7, 589 1 1 Value of trees sent out since initiation of nursery ... ... 6,047 18 10 13,636 19 11 Expenditure to date ... ... ... ... ...10,311 15 6 Credit balance ... ...' ... £3,325 4 5

Stock in Hand. Schedule 1.—Details of One-year-old Trees, grown 1908-9. (Thirteenth Crop.)

Schedule 2.—Two-year-old Trees, grown 1907-8. (Twelfth Crop.)

Schedule 3.—Three-year-old Trees, grown 1906-7. (Eleventh Crop.)

Name of Tree. Number in Seed-beds. Height in Inches. Amount Value of Seed per sown. Thousand. Total Value. Remarks. 'inus Laricio .. „ Benthamiana ponderosa jarix Europsea 340,200 43,200 106,000 178,200 2 1 Lb. , £ s. d. 112 10 0 10 15 0 28 15 0 112 10 0 262 £ s. d. 340 4 0 54 0 0 132 10 0 178 4 0 Strong plants. Totals 667,600 704 18 0

Name of Tree. Number in Height in V £" e Seed-beds. Inches. Tho p sand . Total Value. Remarks. Pinus Laricio „ Benthamiana (true) .. „ ponderosa Larix Europasa „ (lined in) 250,000 30,000 22,100 40,000 110,000 90,000 3 4-6 4-6 4-6 6-12 6-12 £ s. d. 15 0 1 10 0 1 10 0 1 10 0 15 0 2 5 0' £ s. d. 312 10 0 45 0 0 33 3 0 60 0 0 137 10 0 202 10 0 Strong plants. Totals 542,100 790 13 0

Name of Tree. 11 Height in Value per Total Value. Thousand. Remarks. 'inus Austriaca Larioio „ ponderosa Jefireyii „ Bethamiana.. iarix Europasa 41,540 200,000 47,400 1,300 16,000 9,100 55,400 3,450 450 4-6 4-6 4-6 4-6 4-6 8-12 8-12 8-12 8-12 £ s. d. 3 0 0 3 0 0 3 0 0 3 5 0 3 5 0 3 0 0 3 0 0 4 0 0 3 0 0 £ s. d. 124 12 4 600 0 0 142 4 0 4 4 6 52 0 0 27 6 0 166 4 0 13 16 0 17 0 Good plants. Medium growth. Very strong. 'yrus aucuparia ietula alba Totals .. 374,640 1,131 13 10