10 



COCONUT CULTIVATION 



latter forming a first charge on the property, 

 now of a value considerably higher than the 

 total sum spent on it. Let us now investigate 

 the return this should give the investors. 



REVENUE FROM AN ESTATE OF 500 ACRES. 



Trees planted 30 ft. by 30 ft. = 48 trees to acre. 

 4,000 nuts = 1 ton copra. 



*6th year 

 10 nuts per tree 

 = 240,000 nuts 

 = 60 tons copra 

 7th year 

 30 nuts per tree 

 = 720,000 nuts 

 = 180 tons copra 

 8th year 



40 nuts per tree 

 = 960,000 nuts 

 = 240 tons copra 

 9th year 

 50 nuts per tree 

 = 1,200,000 nuts 

 = 300 tons copra 

 10th year 

 50 nuts 



Per 

 ton. 







9 



Total 

 cost 



price. 

 

 540 



9 ... 1,620 



2,160 



9 ... 2,700 



Per 



ton. 

 

 25 



25 



20 



20 



2,700 ... 20 



Total 

 selling 

 price. 





 1,500 



4,500 

 4,800 



6,000 

 6,000 



9,720 22,800 



Net profit in five years 13,080 on invested capital of 

 12,000. 



j. j- -j ,3 oo/ v These dividends improve with price, of 

 ^ course, and as it will be many years be- 

 fore supplies will exceed demand, 20 per 

 ton for copra is considered conservative. 

 Nothing is included for profit on by- 

 products. 



2nd 

 3rd 



4th 

 5th 



24 

 22% 



* On rich soils trees often fruit in the third and fourth 

 year, but against these must be reckoned the trees that fail 

 to fruit till the eighth year. 



