and 1841. The prices of working bullocks, drays, &c. bear about the same proportion, and horses have fallen to about one fourth their former value. At that time too, much more labour was employed in the care of the same number of stock than is now found to be necessary. The flocks then varied from about 500 to 800; the latter number being considered a large one. They now average nearly 1,200. There are few flocks of breeding ewes less than 1,000, and the dry flocks vary from 1,200 to 1,800. The whole number of sheep on each station was at that time much smaller, so that, what may be called the staff of the station, the bullock drivers, spare hands, and overseer, if any, bore a larger proportion to the numbers and actual returns of the sheep. Taking these persons into consideration, the number of men to 600 sheep was at least two. Beckoning wages at £40 per annum, and rations at £12 out of pocket, 600 clean sheep cost at that time, at a very moderate calculation, £104 in mere labour, without allowing anything for license, assessment, shearing, and washing, wear and tear of hurdles, drays, &c. and contingent expenses of all kinds. The return from these sheep, averaging each fleece at 2¾1bs, and the wool at 1s. 4d. per lb, was £109 16s. 8d., say £110, leaving only £6 to go towards defraying the expenses enumerated above. At present, two men are employed about 1,200 sheep; this will cost £20 each for wages, and £5 out of pocket for rations. This gives £50 as the expense in labour for 1,200 sheep. The return from these, taking the fleece at 2¾ lbs, and the wool at lid. per lb, will be │151 1s. 8d., say £150, leaving £100, which would
