W. 1). POWDRELL.]

51

L—l 3.

1905-6. £ s, d. Half milk ... ■ ... ... ... ~. - ~.. 125 9 4 Interest rebate ... ... ... ... .. ... 14 4 0 A paid W. D. Powdrell off cows ... ... 4-39 13 4 Loss or behind in rent ... ... ... ... ... 12 19 4 £452 12 8 As £452 12s. Bd. was the earnings of five milkers for eight hours for 300 tlays, wages earned were Bgd. per hour, including the owner's time (allowing 7s. 6d. per week for food and ss. per head for clothing). £ s. d. A received milk-money ... ... ■ ... ... 425 9 4 Calves and pigs (say) ... ... ... ... ... 197 0 0 622 9 4 Rent, interest, rates, food, and clothes for family (as shown above for 1904-5) ... ... ... ..." ... ... 609 10 0 Profit ... ... ... ... ... £12 19 4 Note.—No allowance for manure, depreciation, land, buildings, cows (deaths or replacements), repairs, windmills, harness, cans, doctor's expenses, grass-seeds. 1906-7. £ s. d. Powdrell received—Rebate interest ... ... ... ... 14 4 0 Milk ... ... ... ... ... 533 19 0 Total in reduction land purchase ... ... £548 3 0 £ s. d. £ s. d. Total yearly milk (as per factory returns) ... 1,131 11 10 Calves and pigs (estimated)... ... ... 197 0 0 1,328 11 10 Rent, interest, rates, living, and clothes (as shown above) ... 609 10 0 719 1 10 Deduct wages ... ... ... ... 600 0 0 Profit over wages to family ... ... ... £119 110 As family were hand milking, and allowing five milkers 18 cows each, at Is. per hour for eight hours for 300 days, wages would amount to £600, giving £9 10s. profit over wages to cover management; depreciation on land, buildings, fences, yards; manures, repairs, implements, shoeing, harness. Example No. 2. 1907-8. A resold to Powdrell. Stock as per book, £1,025 12s. Laud, £40 per acre. £ s. d. Powdrell received—Milk ... ■ ... ... ... ... 961 12 3 Pigs (half) ... ... ... ... 47 19 10 Skins (31) (half share) ... 2 0 0 Calves (50 at 305.) (half) ... ... ... 40 0 0 £1,051 12 1 Share milkers— £ s. d. Wages (two-fifths) ... ... ... ... ... 384 12 10 Calves (50) (half share)... ... ... ... ... 40 0 0 Skins (31) ... ... ... ... ... ... 2 0 0 Pigs (half) gross ... ... ... ... ... 47 19 10 £474 12 8 Share milkers earned 9|d. per hour. £ s. d. Share milkers' wages (milk only) ... ... ... ... 384 12 10 Powdrell's rent ... ... ' ... ... ... ... 269 1.0 0 Rates ... ... ... ... ... ... ... 12 4 9 Interest on cows (£1,025 12s. at 6 per cent.) ... ... ... 61 10 0 Depreciation, cows (5 per cent.) ... ... ... ... 50 0 0 Crops and haymaking ... ... ... ... ... 25 0 0 Pig-feed ... ... ... ... ... ■•• ■■• 8 0 (J £810 17 7 £ s. d. Powdrell's total receipts ... ~.. ... ... ... 1,051 12 t Labour, 9|d. per hour, including rent, interest, depreciation, cows 810 17 7 £240 14 6 After allowing only 5 per cent, depreciation on cows, 5| per cent, on land, 6 per cent, on cows, nothing for death or replacement, or depreciation of fences and gates, or for manure, or depreciation of land, or for my management, my supposed profit was £240 14s. 6d.