9 



cent, on the capital invested in it whereas since then it has paid more than 4 

 per cent. As the plantation is at first unable to pay 4 per cent, interest result- 

 ing in a loss if the money invested were borrowed, whereas subsequently it 13 

 able to pay more than 4 per cent,, the losses may be paid out of subsequent 

 profits by the creation of a separate fund, this fund being a temporary addition 

 to the capital to be paid off as soon as circumstances admit. The following 

 statement shows the accumulation and paying off of these arrears of interest ; 



