Planting in the Philippines 95 



FUNDS REQUIRED FIRST YEAR. 



Dols. 



Cost of land ... 5,120.00 



Survey 400.00 



Clearing, ^ area to plant 3,400.00 



Seed-nuts 820.00 



Cleaning, J area to plant ... ... ... 1,000.00 



Building and quarters... ... ... ... 3,000.00 



Fencing... ... ... ... ... ... 1,000.00 



Animals , 600.00 



Tools ... ... ... ... ... ... 500.00 



Salaries, manager's and overseers' ... ... 5,500.00 



Incidentals 500.00 



Total for first year ... ... ... ... 21,840.00 



second year 16,000.00 



third year 12,080.00 



Say, in round figures for 3 years $50,000.00 



In the Philippines it is reckoned that further 

 funds required in excess of the above amounts 

 for bringing the estate to production stage 

 should be available out of profits from the 

 store and cattle. The above includes, we are 

 told, the purchase of cattle for beef purposes, 

 say 100 cows, with the necessary bulls, valued 

 at $2,200 ; but if this is so, their cost, and that 

 of stocking the store, are not shown, and the 

 most primitive little wayside box eats up 100 

 or $500 of goods, including freight and charges, 

 in no time. It seems therefore that we must 

 add another $3,000, at least, to the first year's 

 estimate, even if it can be cut away on the 

 second and third year. No one can make a 

 profit out of a -store without first stocking it, 



