ESTIMATES 61 



Take present-day gross selling price of copra 

 per ton for the purpose of this explanation it 

 is taken at 25 per ton. 



Therefore 



1st producing year at 10 nuts, the profit per acre (as s. d. 



per table on page 59) is 1 12 



2nd ditto, at 20 nuts, ditto 340 



3rd ditto 30 ditto 4 16 



4th ditto 40 ditto 680 



5th ditto 50 ditto 800 



24 



Therefore on the basis of five years' profits, 

 24 per acre (copra at 25 per ton) is the 

 purchasing price per acre for an estate just 

 commencing to bear. 



In the case of deferred revenue, deduct about 

 2 10s. Od. per acre for each year without 

 revenue. 



In these estimates good-will is not taken 

 into account. 



