Page:Australia, from Port Macquarie to Moreton Bay.djvu/165

 At the expiration of the third year, we should have

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

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:—