VALUATIONS OF GOLD COAST COCOA 143 



lots,' from twenty different farmers, for sale in this 

 country. It was arranged by the Imperial Institute 

 that these consignments of cocoa should be sold at public 

 auction in Liverpool. 



"The first consignment, consisting of 114 bags ex 

 'Nigeria,' was received by the brokers on January 19, 

 1907. 



" The brokers withdrew samples of the different lots 

 included in this consignment and furnished the following 

 report regarding them : 



" ' No. 1, 20 bags. Bright, clean beans of fair size 

 but not sufficiently fermented ; very saleable quality, 

 worth 675. to 685. per cwt. 



" 'No. 2, 20 bags. Bright, clean, and sound beans of 

 fair size but only partly fermented ; very saleable quality, 

 value 685. per cwt. 



" ' No. 3, 19 bags. Bright, sound beans, on the whole 

 fairly well fermented but containing some percentage of 

 unfermented beans mixed with small beans ; very sale- 

 able quality, value 685. to 69s. per cwt. 



"'No. 4, 15 bags. Large beans of good quality and 

 well fermented. The most desirable lot ; very saleable, 

 value 73s. to 755. per cwt. 



"'No. 5, 13 bags. Sound beans of fair quality but 

 mostly unfermented and mixed with small beans ; sale- 

 able, value about 665. per cwt. 



" ' No. 6, 9 bags. Bright beans of fair quality but mixed 

 with small and defective beans ; value about 645. per 

 cwt. ; saleable. 



'"No. 7, 7 bags. Beans of moderate quality and fair 

 size ; distinct traces of mouldy beans ; value about 

 635. per cwt. 



"'No. 8, 11 bags. Fair quality, mostly unfermented 

 beans mixed with small and thin beans ; value about 

 655. per cwt.' 



" The whole of this consignment was sold at an average 

 price of 685. per cwt. 



" All the parcels were saleable cocoas, but No. 4 was 

 specially commended as representing the standard of 

 quality which should be aimed at. Such cocoa would 

 compete with the better kinds, such as San Thome, where- 

 as if only slightly below this in quality, the price realised 

 would be from 55. to 75. 6d. per cwt. lower. 



