134 MADRAS FISHERIES BULLETIN VOL. XI, 



In addition, freight, insurance, and shipping charges amounted 

 to Rs. 51-12-6. Against the total cost and charges amounting 

 thus to Rs. 588-II-II, exclusive of capital expenditure, we 

 received net sale-proceeds of Rs. 1,074-12-9, giving an apparent 

 profit of Rs. 486-0-10 upon the operations ; from this however 

 must be deducted depreciation on buildings and apparatus, say 

 50 per cent upon the capital expenditure of Rs. 132-15-3 ; this 

 being Rs. 66-7-8, we get as a final net profit the sum of 

 Rs. 419-9-2, equal to a little over 63 per cent on the expenditure, 

 which must be considered very satisfactory in view of the compa- 

 ratively small quantity of material treated. With larger quantities, 

 the percentage of profit would be substantially increased. 



The selling rates obtained in January 1917 were as follows, 

 c.i.f. Singapore : — 

 Unsmoked : — 



Per picul. Per ton. 



Large and medium sizes (the ") $36 (Rs. 60-5-0)= Rs. i,oi;?-4-o 



Nos. I and II qualities of } ( = ;^67|). 



Indian trade). 



Small size (the No. Ill qualityl $28 (Rs. 46-14-5)= Rs. 817-15-0 

 oflndian trade). / ( = ^54i). 



Smoked : — 



Mixed sizes ... ... ... $30 (Rs. 5o-'4-o) = Rs. 844-6-0 



Note. — Exchange was at Rs. 167^ to $100 and the picul is taken as 133^ lb. 



Fourteen years ago Savil!e-Kent quoted the following rates as 

 then ruling for the principal kinds exported from Australia and 

 these may be usefully quoted here for comparison and reference. 

 Local name (Australia). Value per ton. 



Teat-fish, black and ordinary £'^Ao to ;^i5o 



Do. White 40 



Red-fish, ordinary and deep-water 100 to no 



Do. surf ... 80 to 90 



Black-fish, deep-water ... 100 



Do. ordinary and Caledonian ... 80 to 90 



Large Lolly-fish ... ... 35 



Prickly-fish or prickly-red ... 30 to 40 



Sand-fish ... 20 to 30 



It is most significant to note that the species with which we 

 dealt last year and which sold at Rs. 1,013-4-0 and Rs. 817-15-O 

 (£67^ to £54^2) per ton for large and small sizes respectively is 



