The study was conducted in a small (7.4 ha) peatland system with a humic lake concentrically surrounded by Sphagnum mat (Caricetum limosae) and Sphagnum bog (Ledo-Sphagnetum) in the Mazurian Lakeland in North-Eastern Poland. The peatland was situated in a forested catchment with a total area of 16.25 ha, and was influenced by surface drainage, artificially designed for forestry purposes. The content of zinc (Zn), cadmium (Cd), lead (Pb), copper (Cu) and hydrogen (H) ions was analysed in waters from precipitation, humic lake, mat, bog and surface outflow. The yearly budget of these ions, expressed as difference between atmospheric inflow and surface outflow, for the whole catchment was presented. The drainage of the peatland system over three years was accompanied by an increase in pH of lake, mat and bog waters. The whole catchment retention of H+ and trace metals studied decreased yearly in absolute values under these conditions. The peatland system began to leach Pb into surface waters and lost its ability to intercept Cd. These effects could be caused by intensity of outflow of water and sulphates and lowering of water storage. However, the potential to retain Zn and Cu ions was preserved.