LAN^D TENURE AND COLONIZATION 



III 



books were balanced the returns of the property should be entered as 

 credited, and costs not met in the same year, such as costs of irrigation, 

 of the depreciation of tools and the maintenance of buildnigs, as debited. 

 Travelling expenses should be entered with costs. 



Receipts. 



i) Initial deposit 



2) Return of the crops for ist. year 



3) ;> ') :■' )) » 2nd. » 



Total . 



Liras 

 5.000 



5,000 

 10,000 



20,000 



Expenditure. 



i) Travelling expenses , 



2) Maintenance for two years . . . 



3) Advances for crops of ist. year. 



4) » )) » » 2nd. » 



Total 



1,500 

 6,000 

 2,666 



4,979 

 15,145 



Balance- Sheet. 



Receipts 20,000 



Expenditure I5,i45 



4,855 ■ 



Even if the contract be cancelled at the end of the second year 

 there were will thus be a margin almost sufficient to allow the entire 

 repayment of the initial deposit. 



We will now see on what system colonists might be allowed occupation. 

 The measures now in force do not contemplate the concession of lands in 

 absolute ownership. The matter is regulated by article 15 of the Regola- 

 mento per la niessa in valore delle terre nella Somalia italiana (Rules for 

 the Development of the I,ands of Italian Somaliland) which establishes that 

 concessions may be for a term up to ninety-nine years. In view however 

 of the mentality of the peasants to be affected by the contract it would 

 perhaps be very useful, and would increase the attractiveness of the scheme, 

 to promulgate as soon as possible a royal decree which would enable the 

 governor to sell the domain under conditions fixed bv the contract. 



