416 Coco-nuts The Consols of the East 



of production, which comes to $38.79 per acre, 

 made up as follows :-- 



Quit rent ... ... ... ... $2.00 



Maintenance and transport ... 7.75 



Picking, curing and maintenance 



at 1.50 per picul ... ... ... 16.51 



Medical and contingencies 3.00 



Superintendence 8.00 



Duty ij per cent, ad val 1.53 



79 per acre 



" The above allows for a European manager 

 and assistant, also for a labour force of 180 

 to 200 coolies, that is to say five to six acres 

 per coolie. 



"The capital required to bring such an estate 

 into full bearing, or let us say up to the eighth 

 year, may be taken as $200,000, or $200 

 (23 6s. 8d.) per acre, to which has to be 

 added the cost of the buildings and factory, 

 say $60,000, or $260,000 (,30,333) in all." 



According to these figures, if our calculations 

 are correct, we arrive at the following : Deduct 

 $38.79, cost of production as above, from 

 $103.20, the gross revenue per acre of forty- 

 eight trees, and you obtain a net profit, annually, 

 of $64.41 per acre, and therefore $64,410 

 (,7,500) on the thousand acres. As coco-nuts 

 are considered to be a sound and lasting 

 investment, this may surely be regarded as an 

 excellent return, even after allowing for the 

 setting aside of a certain amount for deteriora- 



