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Schedule ll. — Statement of Expenditure. For Year. To Date. Planting operations and maintenance — £ a. d. £ s. d. Tree-planting .. .. 372 17 6 1,069 3 5 Pitting .. .. .. 571 1 0 1,335 11 3 Clearing .. .. .. .. .. 20 17 10 Cartage of trees .. .. 10 16 0 102 17 9 General upkeep of plantation .. .. 238 18 7 1,167 17 10 General repairs .. .. .. 4711 1265 Horse-feed .. 164 10 0 Permanent works— Fencing . . . . . . 288 8 2 768 10 11 Formation .. .. . . .. 72 6 0 77 6 0 Buildings .. .. .. 31 11 1 116 11 I Stock, implements, &c.—Tools, implements .. 21 7 6 23 0 0 Supervision and clerical — Salaries — Supervision of free labour .. .. 65 0 0 313 10 11 Nurseryman's proportion of clerical assistance .. .. .. 34 0 0 183 8 3 £1,710 13 9 £5.355 11 8 Schedule 111. — Trees Account. Number. Trees received during year .. .. .. 667,555 Less, to replace blanks . . .. .. 52,050 Planted on new area .. .. .. .. 615,505 Previously planted .. .. .. 682.204 Total number planted on 486 acres (average age, 6 years) . . 1.297.700 Schedule IV. — Property Account. , . Land (1,350 acres) ; Crown land not chained to Forestry Account .. Buildings .. .. 116 11 1 Stock Improvements . . .. .. .. 77 6 0 Fencing .. .. .. 768 10 11 Stores in hand . . . . . . . . . . . . 23 13 3 £986 1 3 Balance-sheet. £ s. <l. Total expenditure .. .. .. .. .. .. 5,355 11 8 Less Property Account . . .. .. . . 986 1 3 Cost of operations .. .. .. .. .. .. £4.369 10 5 486 acres planted (average age, 6 years) Estimated value of plantation per acre . . . . . . . . £10 2 6 T. Screen, Plantation Foreman. A. \V. Roberts, Nurseryman in Charge.

Gimmerburn Plantation Reserve. (Area, 425 acres : altitude, 1,200 ft.) There has been no work done at this station this season, except that of ploughing land for oats. and this has been charged against Eweburn Nursery. The trees on the plantation seem to be making better headway, especially the larch, which are more suitable for this part of the country. The expenditure for the year is £5, and the total to date is £2,616 Os. sd. Appended are statements of expenditure.