Annual report and rental for year end June 1867, containing reports on the continuously improving financial situation of the estate, due mainly to the increase in rental receipts. Also reports on drainage at Ballyknockan and the remarkable effect of Dublin dairy manure has had on the land in this area. Other farming improvements include the invention and introduction by Trench of a new drainage plough which was given special merit by the Royal Agricultural Society of Ireland. Further farm machinery was also purchased such as a mowing machine and a hay-tedder which were hired out by the farmers of the estate.

Reports that building and slating has increased all over the estate and provides a description of various building repairs and a newly-built farmhouse let to the Commons family - 'one of the oldest and most respectable families on the estate.' Also reports that four new labourers' cottages built in Killeigh for people whose houses were in ruins, were awarded the Gold Medal and Challenge Cup by the Royal Agricultural Society of Ireland. Also refers to the sale of timber to the Great Southern & Western Railway, which allowed for a large portion of Derryclure to be thinned of beech and replanted with larch and oak, and also necessitated the purchase of a weighing machine for timber to avoid the tolls of the weighbridge in Tullamore.

Referring to past agrarian outrages, Trench remarks that the tone on the estate is 'excellent' and 'it is as if Fenianism never existed'.