6o 



COCONUT CULTIVATION 



MATURE ESTATES 



A search for a reasonable buying figure per acre. 

 It would not be unreasonable for an investor 

 in tropical agriculture to expect a return of 

 20 per cent, per annum or a five years' purchase 

 on his capital. Forty nuts per tree per annum 

 is a conservative average crop for a well culti- 

 vated estate. The Government Inspector esti- 

 mates 3696 nuts = 1 ton copra. These estimates 

 are based on 5000 nuts to 1 ton copra. 



Example. When the gross selling price of 

 copra is 25 per ton, the net profit per acre 

 is 6 8s. Qd. Multiply this by five years' pur- 

 chase, and the buying price per acre is 32. 

 On this basis the following table is arranged : 



When the gross selling 

 price of copra is 



20" 

 21 

 22 

 23 

 24 

 25 

 26 

 27 

 28 

 29 

 30 



* The purchasing price per acre 

 on 5 years' net profit is 



J 



* NOTE. Some valuers claim that the number of years' 

 purchase should be seven. 



IMMATURE ESTATES 



In buying an estate not yet arrived at the 

 producing stage the following may be a guide 

 (given always fair average conditions). 



