158 
India-rubber they have already sent down to Rangoon, but it is 
thought here that before the end of their term they will have 
i v 
em a handsome dividend on their outlay. The account may 
be stated thus :— 
PAYMENTS, | RECEIPTS. 
Rs. Rs. 
Cost of License ees -. 1,00,000 | Sale of 50,000 viss at 
Cost of 50,000 viss of rubber Rangoon at Rs. 4505 2.25,000 
ogaung, at Rs. 145 per > 72,500 | per 100 viss A ET 
viss M E ae 
NN Mogaung to AM | 1,000 
Freight, Bhamo to Rangoon, 3.950 
at Hs. 6.8.0 per 100 viss ... L 
Expenses of establishment at 
Bhamo, Mogaung,and Man- - 12,000 
dalay (say) ... E ee 
Incidental expenses, such as 
resents to Kachin tsawb- 2,000 
kei Oui $us ove 
Total ... Sie -. 1,90,750 Total .. e ... 2,25,000 
Which leaves a clear profit of Rs. 34,250, that is to say, over 17 per 
cent. on the capital invested, assuming that the whole outlay 
great deal more than 50,000 viss this season ; and on every extra 
50,000 viss collected they will make a net profit of nearly a lac and 
a half of rupees. 
From the foregoing calculation it seems clear that the public 
revenue derived from the India-rubber forests is far too small. I 
ot indi 
auction; but it is quite as likely thata “ring” will ed t 
p the price at its present low level. The difficulty is that as 
matters now stan e se are the only traders who can 
assisting us in the task, and without their co-operation, or at least 
their good-will, it would be difficult, if not impossible, to secure a 
.regular supply. With the complete pacification of the district this 
