First full report submitted by the Trenchs to Lord Digby. Contains a detailed examination of the 'compensation fund' granted by George Wingfield Digby to the leaseholders to indemnify them for the loss of their several leases, which had been illegally granted to them by the previous earl and which the current earl would like to break. Also includes a memorandum describing in great detail, the meeting between Trench and the leaseholders, to discuss the terms of the compensation. Also includes report on the 'mesne' or first-year rates with a full list of the tenants. Also includes 'sundry observations' on the management of the estate 'during the difficult & trying period of our first year of office.' Describes how the 'tenants-at-will' were invited to settle arrears and there was 'a vast amount of dissatisfaction amongst the tenantry.' W. S. Trench describes the discovery of an assassination plot to murder one or other of the Trenchs is underfoot, leading T. W. Trench to travel over the estate accompanied by a policeman and the estate bailiff, with a loaded gun in his hand. Also discusses the commencement of the construction of new labourers cottages; the building of a new estate office adjoining the church; the drainage of the bogs; and a report on emigration from the estate.