CEYLON 135 



prices were paid, but as a general rule the valuation 

 was not excessive, in view of the price at which rubber 

 was then selling in Europe. Since 1904 new estates 

 have been opened up and additional acreage added to 

 existing estates, but as a rule this work has been carried 

 out on a conservative basis of cost. The same condi- 

 tions apply to estates being planted at the present 

 time, with the exception of paying a higher price for 

 suitable land. 



Close investigation of all essential details shows the 

 following expenditure to be necessary for the establish- 

 ment of new plantations on forest lands : 



DISTRIBUTION OF COST WHEN OPENING AN ESTATE : EXPENSES 

 FIRST Six YEARS 



Rupees. 



1. Value of 1,200 acres of forest land at 



Rs. 60 per acre 72,000 



2. Felling, lopping, burning, and cleaning 



1,000 acres 15,000 



3. Weeding 1,000 acres for six years ... 90,000 



4. Draining 1,000 acres 15,000 



5. Roads and bridges 20,000 



6. Holing, lining, and filling, on 1,000 acres 4,000 



7. Planting and supplying 2,000 



8. 200,000 two-year-old plants 6,000 



9. Building and equipment of factory ... 50,000 



10. Building bungalows for manager, assist- 



ant, and conductors 20,000 



11. Building lines for coolies 24,000 



12. Purchase of tools, etc 10,000 



13. Manuring 45,ooo 



14. Management for six years 90,000 



Total 463,000 



Value of 200 acres forest ... 12,000 



Capital value 1,000 acres rubber 451,000 



