8 



MADRAS FISHERIES BULLETIN 



VOL- XII, 



years at the rate of Rs. 1,250 per annum as against Rs. 600 pre- 

 viously, a most satisfactory advance. The former Tanjore lessee, 

 however, defaulted in part, in his final year's payments, paying 

 Rs. 4,100 only against the sum due of Rs. 5,922. The new lease is 

 for a term of three years at the rate of Rs. 4,466-10-4 per annum. 



14. Financial Results. — The year's work has been most successful 

 and can best be expressed in tabular form as under : — 



In addition to the above receipts the sum of Rs. 14,250 was 

 received by the sale of the engine of the Lady Nicholson. 



The above profit is the largest on record derived from our chank 

 fisheries and is due in the main to the abnormally high price being 

 paid under the current contract for the Tinnevelly chanks, which 

 is Rs. 325 per 1,000 shells as against Rs. 121 per 1,000 for the 

 preceding three years. The total net profit on the year, 

 Rs. 67,580-0-3, compares most satisfactorily with that of last year 

 which was Rs. 39,278-5-9. It would have been considerably 

 greater had it been possible to enlist a larger labour force at 

 Tuticorin or had the season been normal in regard to weather. 



