£12 5s. each, being Grand Bullocks,

and although fed in the open they were finished to perfection; also sheep from the flock of Mr. Donald Nicolson, Ida Valley, sold by us on the 6th March, a truck of which were bought for shipment alive to London as a sample of our New Zealand sheep. These grand sheep, grown and fattened on the natural pastures, prove tha[unclear: t] interior lands are admirably suited for stock raising. We feel satisfied that when the line has been extended the grain and stock trade from Central Otago will be very [unclear: rgely] increased, that it will enable settlement to be extended, and also be an important means of assisting the settlers and adding to their incomes, while at the some time the large trade that will be developed will prove a good source of revenue in the railway.

There are other matters to which we might refer, such as the