CHAPTER XL 



VALUATION OF ESTATES 



HP* HIS is a very difficult matter to adjust satisfactorily, and 

 J^ it is seldom that one finds two managers or visiting agents 

 who agree on all the details. The general plan is to work on six 

 or seven years' valuation of the probable crops. The example 

 given herewith of the estimated crops of an estate in the Fede- 

 rated Malay States or Sumatra shows how this works out. If 

 the estate is situated in Ceylon no crop should be estimated on 

 till the fifth or sixth year. 



In this valuation of the crops of a rubber estate, planted on 

 an average with 100 trees per acre, a scale is given of the average 

 crop return during seven years from trees, the youngest of 

 which are one year old. Extensions are not allowed for, being 

 done at cost of purchaser. 



CROP RETURN 



294 



