FORTIETH ANNUAL REPORT. 161 



Expenditures per Year. 



Work on orchard (inc. clovei* on best or.) .... |6,300 00 



Taxes, Ins., Depreciation, Eepairs, etc 1,250 00 



Overseeing and incidentals 3,000 00 



Total expenditures per year |10,550 00 



Net income per year 65,556 25 



Net income tliree years 196,668 84 



Net income 1st seven yeare 114.361 00 



Value of orchard end of ten years 200,000 00 



■ Total assets end ten years 511,029 84 



Less original investment 39,500 00 



Total net profit in ten years 471,529 84 



Average net profit per year 47,162 98 



Int. on investment per year 122% 39% 



Next Three Years' Operations, 



Fourth period — eleventh to thirt-eenth years inclusive. 



Income per Year. 



Cherries 3 cases per tree .^1.25 per case |77,812 50 



Peaches 11/2 bu. per tree 11.00 per bu 31,125 00 



Apples 3 bu. per tree 90 cts per bu.. 36,450 00 



Cherries % case per tree 75 cts. per case |7,781 25 



Peaches 1/2 bu. per tree 60 cts. per bu 6,225 00 



Apples % bu. per tree 40 cts. per bu 2,700 00 



Total income per year $145,387 50 $16,706 35 



Expenditures per Year — Same Years. 



Work on orchards (inc. clover on best or.) . . . $7,000 00 $3,000 00 



Taxes, Dep., Ins., repairs, etc 1,250 00 650 00 



Overseeing and incidentals 3,500 00 1,250 00 



Total expenditures per year $11,750 00 $4,900 00 



Net income per year 133,637 50 11,806 25 



Net income three years 401,012 50 35,418 75 



Net income first ten years 311,029 84 55,787 50 



Value of orchard end fourth term 300,000 00 70,000 00 



Total assets fourth term $1,012,042 34 $161,206 25 



Less original investment 39,500 00 23,500 00 



Total net profits 13 years $972,542 34 $137,706 25 



Average net profit per year 74,810 90 10,593 00 



Int. on investment ])er year 195% 45% 



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