9

C—lβ

Value of Stock, Improvements, &c. £ s. d. £ s. d. £ s. d. Amount at 31st March, 1908 ... ... 6,917 13 9 Less value of trees at 31st March, 1908 ... ... ... 4,865 8 6 Less horse-feed in stock at 31sf March, 1908 ... ... 40 0 0 — 4,905 8 6 2,012 5 3 Trees, as per Schedule 1 ... ... ... ... ... 2,939 3 0 2 ... ... ... ... ... 2,627 15 0 3 ... ... ... ... ... 1,467 0 0 Tools and implements ... ... ... ... ... 85 4 9 Water-supply ... ... ... ... ... ... 106 19 4 Nursery-formation ... ... ... ... ... 17 6 5 Fencing... ... ... ... ... ... ... 38 6 7 Buildings ... ... ... ... ... ... 110 1 1 Improved value ... ... ... ... ... ... 126 10 0 Horse-feed in stock ... ... ... ... ... 160 0 0 £9,690 11 5 Summary. £ 8 . d. Value of present stock and general improvements ... ... 9,690 11 5 Value of trees sent out since initiation of nursery ... ... 5,588 17 6 15,279 8 11 Expenditure to date ... ... ... ... ... 5,514 1 8 Credit balance ... ... ... ...£9,765 7 3

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

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

2—o. Ib.

Name of Tree. Number in Seed-beds. Height in Seed sown. Inches. Value per Thousand. Total Value. Remarks. Larix Europsea Pinus Larioio ponderosa Benthamiana muricata Alnus glutinosa Chamsecyparis Lawsoniana Thuja gigantea Pseudo-tsuga taxifolia .. Picea sitchensis 1,600,000 884,000 280,000 92,000 7,000 700 16,000 17,000 1,500 1,000 2,899,200 1-4 24 2* 24 3 6 14 14 2 1 Lb. 252 112 30 12 1 10 2 1 8 5 £ s. d. 10 0 1 "0 0 10 0 15 0 10 0 0 15 0 1 10 0 1 10 0 15 0 15 0 £ s. d. 1,600 0 0 884 0 0 280 0 0 115 0 0 7 0 0 0 10 6 24 0 0 25 10 0 1 17 6 1 5 0 "Excellent crop. Very thin crop. Good crop. Thin crop. Totals 2,939 3 0

Name of Tree. Number in Height Nursery in Lines. Inches. Value per Thousand. Total Value. Remarks. Larix Europsea Pinus Laricio „ ponderosa Benthamiana i, a (var.) Pseudo-tsuga taxifolia .. Betula alba Robinia pseudo-acacia Alnus glutinosa Cotoneaster Simmondsii .. 674,000 366,000 55,000 19,000 13,000 17,000 10,000 11,000 650 800 10-16 2-4 4 4 4 6 24 4-12 14 15 £ s. d. 2 5 0 2 5 0 2 5 0 2 10 0 2 10 0 2 10 0 2 5 0 1 10 0 2 0 0 1 10 0 £ s. d. 1,516 10 0 823 10 0 123 15 0 47 10 0 32 10 0 42 10 0 22 10 0 16 10 0 16 0 14 0 Excellent crop. Fair crop. Good crop. Fair crop. Excellent crop. Fair crop. Good crop. Totals .. 1,166,450 2,627 15 0