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Kaingaroa Plains Plantations (4). £ s. d. Amount at the 31st March, 1905 ... ... ... ... 318 13.0 Proportion of Nurseryman's salary and travelling-expenses ... 400 £322 13 0 Puhipuhi Plantation. f s . d. Amount at 31st March, 1905 ... ... ... ... 733 14 11 Buildings, new and additions to old ... ... ... ... 28 5 1 Pitting, 181,849, at 16s. 6d. ... ... ... ... ... 151 211 Clearing and burning ... ... ... ... ... 306 11 9 Tree-planting ... ... ... ... ... ... 161 7 9 Freight and cartage on trees ... ... ... ... 14 3 5 Tools, implements, crates, &c. ... ... ... ... 135 7 5 Fencing—material and labour ... ... ... ... 26 16 0 General formation ... ... ... ... ... ... 28 7 9 Horse-shoeing and general repairs ... ... ... ... 210 6 General maintenance ... ... ... ... ... 215 15 4 Nurseryman's salary—proportion of, and travelling-expenses, &c. 23 2 3 Supervision ... ... ... ... ... ... 38 15 0 £1,866 0 1 Kurow Nursery. £ s. d. Cost of land arid buildings ... ... ... ... ... £750 0 0 Statement of Values for Year ending 31st March, 1906. Eivebum Nursery. £ s. d. £ s. d\ £ s. d. Amount at the 31st March, 1905 ... ... 5,500 6 6 Less value of trees ... ...1,684 7 2 „ horse-feed ... 28 6 0 1,712 13 2 ■ 3,787 13 4 Trees as per Schedule A ... ... ... ... ... 238 16 9 A 1 543 15 0 A 2 ... ... ... ... ... 890 2 0 A 8 ... ... ... ... ... 410 2 0 Tools, implements, &c. ... ... ... ... ... 243 Nursery-formation... ... ... ... ... ... 34 16 3 Horse-feed in stock ... ... ... ... ... 44 4 0 Improved value ... ... ... ... 215 12 8 Buildings—stable, sizing-shed, &c. ... ... ... ... 173 4 1 £6,340 10 7 Tapanui Nursery. £ s. d. £ s. d. Amount at the 31st March, 1905 ... ... 13,683 13 7 Less value of trees ... ... ... 7,835 2 5 5,848 11 2 Trees as per Schedule B ... ... ... ... ... 714 7 6 B 1 ... ... ... ... ... 1,783 13 6 B a ... ... ... ... ... 1,510 12 6 B 3 ... ... ... ... ... 2,446 14 9 Tools, implements, &c. ... ... ... ... ... 51 9 9 Buildings ... ... ... ... ... ... 186 12 0 Improved value ... ... ... ... ... ... 405 15 2 Value of foal bred ... ... ... ... ... ... 10 0 0 Horse-feed in stock ... ... ... ... ... 125 10 10 £13,083 7 2