54 





 DEPRECIATION. 



s. d. 

 On harvesting plant, channels, provision 



for drainage .. .. '.. V-- 200 

 On orangery on 5 per cent, of capital 



outlay . . . . . . ... ... 450 



Total depreciation . . .;'/. 

 Total annual expenses - . ; . 



s. d. 



Net profit per acre, at 6/ net per case . . 25 10 

 Net profit per acre, at 5/ net per case . . 15 10 



According to the above figures oranges will pay 

 to grow if 200 cases of saleable fruit, averaging 5/ 

 per case net, or over, to the grower, are harvested 

 per acre. At less than this price, however, oranges 

 cease to be profitable as an investment, as the same 

 amount of capital would probably show a higher 

 rate of interest if invested in other industries. 



