37 



First year. 

 Expendable : 



Cost of 100 hectares, at ?10 per hectare ?1,000 



Clearing 25 hectares, at ?40 per hectare 1,000 



Purchase of 25,000 abaca roots, at ?40 per 1,000 1,000 



Lining, holing, and planting, at ^5 per hectare..... 125 



Cultivation of 25 hectares (first year), at ?10 per hectare _. 250 



Fencing and roads i 800 



3 carabaos or cattle, at ?80, and 2 horses, at ?50 each..._ 340 



Buildings (manager's residence, ?800; men's quarters, ?200) 1,000 



Manager's salary, ?2,400; subsistence, ?'720 3,120 



One native overseer, at ^30 per month 360 



Tools and implements 200 



Half cost of survey (other half chargeable to other plantings) 250 



Total - 9,445 



Second year. 

 Expendable : 



Clearing 25 hectares, at ?40 per hectare ?1,000 



Purchase of 25,000 abaca roots, at ^40 per 1,000 1,000 



Lining, holing, and planting, at ?=5 per hectare 125 



Cultivation of 50 hectares (first and second years), at PIO per 



hectare 500 



Fencing and roads 800 



Salary and subsistence of manager 3,120 



One native overseer 360 



Depreciation on tools, animals, and buildings 340 



Total 7,245 



Third year. 

 Expendable : 



Clearing 25 hectares, at P40 per hectare ?1,000 



Purchase of 25,000 abaca roots, at ?40 per 1,000 1,000 



Lining, holing, and planting, etc., at P=5 per hectare ^ 125 



Cultivation of first year's planting, at ?=15 per hectare 375 



Cultivation of second and third year's planting, at ?10 per hectare.... 500 



Manager's salary and subsistence 3,120 



Two. native overseers 600 



Additional quarters of men -.. 100 



Depreciation ., 340 



Transportation of 250 piculs of hemp to shipping place 25 



Total 7,185 



Income : 



From 25 hectares, 250 piculs, 50 per cent of full crop (full crop 

 reckoned at 20 piculs per hectare), one-half paid for stripping, at 



?14 per picul 1,7'''0 



Debit balance - : 5,435 



