This page has been validated.
140
INCREASE AND
At the expiration of the third year, we should have
| 3500 — 350 = 3150 ewes. |
| 2268 — 226 = 2042 young ewes and wethers. |
| 2800 — 280 = 2520 yearling lambs. |
Retaining 3500 ewes, and the lambs, we should be able to dispose of 1692 sheep, which, at five shillings each, would be worth £423.
At the expiration of the fourth year there would be
| 3500 — 353 = 3150 ewes. |
| 2520 — 252 = 2268 young ewes and wethers. |
| 2800 — 280 = 2520 yearling lambs. |
Retaining 3500 ewes and the lambs, there would remain 1918 sheep for sale or conversion into tallow, which, at five shillings per head, would realize £479, neglecting the shillings.
At the expiration of the fifth year, and every succeeding year, the surplus sheep, according to the data I have assumed, would be worth £479.
We will now see what will have been the average annual profit during six years on 3500 ewes:—
| End of First year | £. 0 |
| "Second year | 400 |
| "Third year | 423 |
| "Fourth year | 479 |
| "Fifth year | 479 |
| "Sixth year | 479 |
| 6 ) | 2260 |
| £ | 376 |
