C—lβ.

Statement of Expenditure. £ g d Amount at 31st March, 1907 ... ... ... ...4,384 2 3 Tree-growing ... ... ... ... ... ... 538 10 8 General maintenance and repairs ... ... ... ... 51 14 1 Nursery-formation ... ... ... ... ... 229 10 8 Horse-feed purchased and grown ... ... ... ... 67 18 9 Manures ... ... ... ... ... ... ... 816 Tree-seeds ... ... ... ... ... ... 29 16 0 Tools, implements, &c. ... ... ... ... ... 33 13 6 Seed-frames (transferred from Starborough) ... ... ... 40 16 1 Water-supply ... ... ... ... ... ... 19 15 1 Buildings —men's quarters, workshop, and lean-to ... ... 208 17 0 Fencing ... ... ... ... ... ... ... 6 13 Miscellaneous works ... ... ... ... ... 19 8 8 Proportion of Nurseryman's salary ... ... ... ... 142 0 0 Supervision ... ... ... ... ... ... 21 6 0 Maintenance of plantation ... ... ... ... ... 31 2 0 Mossing eucalypti ... ... ... ... ... ... 180 13 1 £6,013 6 7 Value of Stock. £ s. d. £ s. d. £ s. d. Amount at 31st March, 1907 ... ... 3,973 16 4 Less value of trees ... ... 1,434 5 10 horse-feed ... 54 0 0 „ tools written off during year ... 25 3 9 „ one filly foal, died ... 5 0 0 1,518 9 7 2,455 6 9 Trees, as per Schedule 1 ... ... ... ... ... 718 15 3 2 ... ... ... ... ... 952 9 3 3 ... ... ... ... ... 43 19 9 Tools and implements ... ... ... ... ... 33 13 6 Water-supply ... ... ... ... ... ... 19 15 1 Seed-frames ... ... ... ... ... ... 40 16 1 Nursery-formation... ... ... ... ... ... 229 10 8 Fencing ... ... ... ... ... ... ... 6 13 Buildings... ... ... ... ... ... ... 208 17 0 Improved value ... ... ... ... ... ... 163 6 0 Horse-feed in stock ... ... ... ... ... 72 0 0 Value of young horses bred (one colt) ... ... ... 500 £4,949 10 7 Summary. £ s d. Value of present stock and general improvements ... ... 4,949 10 7 Value of trees sent out since initiation of nursery ... ... 2,562 18 4 7,512 8 11 . Expenditure to date ... ... ... ... ... 6,013 6 7 Credit balance ... ... ... ...£1,499 2 4

Stock in Hand. Schedule 1. —Details of One-year-old Trees, grown 1907-8. (Fifth Crop.)

29

Name. Number in Seed-beds. Height in Seed sown. Inches. Value per Thousand. Total Value. Remarks. •odocarpus totara iequoia sempervirons loaoia melanoxylon .. j 157,000 37,298 .. I 5,332 3 4 4 Lb. 120 12 3 £ s. d. 2 10 0 4 0 0 2 0 0 £ s. d. 392 10 0 149 4 0 10 13 3 Fine sturdy plants. Splendid plants. Uneven growth, but nice plants. Fine strong plants. Suoalyptus amygdalina , roetrata redunca , resinifera Stuartiana Juercus suber 40,000 120,000 75,000 27,000 60,000 432 3 3 3 3 • 3 5 2 2 2 2 2 850 seeds 0 10 0 0 10 0 0 10 0 0 10 0 0 10 0 12 10 0 20 0 0 ; 60 0 0 37 10 0 13 10 0 30 0 0 5 8 0 Planted in situ, and doing remarkably well. Totals .. .. 522,062 718 15 3 * • ••