Cultivation in Malaya 49 



2*4 cents each (100 cents = 45. 2<d.) in Trinidad, 

 W.I. ($24.25 per i ,000), for picked nuts in 

 bags of 100 f.o.b. Port of Spain. 



The average value (in F.M.S.) during 1910 

 for copra was $9.50 *= about 22s. 2d. per 

 picul (133^ lb.), against $4.96 (195. 6^d.) per 

 100 lb., the average price during 1910, in 

 Trinidad, W.I. Whilst on this subject of 

 prices, the following figures worked out on the 

 basis of the fortnightly quotations of Messrs. 

 Gordon, Grant and Co., Ltd., Port of Spain, 

 Trinidad, W.I., may be of use. 



Prices of the entire nuts, copra, and oil 

 move quite independently of each other. Thus 

 in Trinidad, oil, on May 28, 1910, stood at $1.09 

 a gallon, against $4.75 for copra, and $22 

 only for whole nuts, yet at the beginning of 

 March, 1911, the nuts had advanced to $29, 

 whilst oil was only quoted at 96 cents, and copra 

 had dropped to $4.30. Quotations at the 

 time of writing (April i, 1912), stood at $29 

 for nuts, $1.06 for oil, and $4.65 for copra. 

 In 1911 eleven quotations for nuts, starting 

 January i, gave an average price of $26. 36^ 

 per 1,000. The highest rate ruled during 

 February and March, 1911, at $2.9; this 

 dropped to $24 from mid-May to mid-July, 

 and remained at $26 for a time. Oil started 

 in 1911 at $1.08 per gallon, and gradually fell 

 away to 75 cents on August 7, but recovered 

 to 82 cents on August 21. Copra started at 

 4.50, rose to $4.75 during February, dropped 



