Page:Australia, from Port Macquarie to Moreton Bay.djvu/178

 At the expiration of the third year, there will be, 208 — 12 = 196 four-year old beasts, to dispose of, which will be worth £392.

At the expiration of the fourth year there will be 236 — 12 = 224 four-year old stock to dispose of, which at £2. per head, will be worth £448.

At the end of the fifth year, there will be 234 — 12 = 222 four-year old stock to dispose of, which will be worth £444.

At the expiration of the sixth year we shall have to dispose of, 239 — 12 = 227 four-year old stock, which at £2. each, will be worth £454.