296 Proceedings, &c., for 1886 



Estimated Return. 

 Value of 1000 tons of oil at £35 ... ... £35,000 



Valueof 1000 cwt. of whalebone at £320 per ton 16,000 



£51,000 



Deduct. 

 Oil money and expenses at 



£12 per. ton ... ...£12,000 



Bone-moving and preparing 



bonefor market at £10 ton 500 



12,500 



Net estimated profit ... ... £38,500 



Substitute present rates and 

 value of 1000 tons of oil 

 at £22 per ton = ... £22,000 



Value of 1000 cwt. of whale- 

 bone at £800 per ton = 40,000 



Deduct. 

 Oil money and expenses at 



£12 per ton ... ...£12,000 



Bone money and preparing 



bone for market at £10 ton 500 



£62,000 



= 12,500 



Net estimated profit ... ... £49,500 



No. 6. 



MESSRS. DAVID BRUCE AND GO'S LETTER, OFFER- 

 ING SHIPS, &c. 



(Telegraphic Address, " Priidentin,''^ London, David Bruce and 

 Co.f and at Dundee.) 

 3 Fenchurch Avenue, London, E.G., 27th August, 1886. 



Robert Murray Smith, Esq., Agent-General for Victoria, Vic- 

 toria Ghambers, S.W. 



Antarctic Exploration. 



Sir — Following up the call we paid you last Friday with an offer 

 of our whalers for the purposes of Antarctic Exploration, which we 

 understand the colony is likely to embark upon, we beg herewith to 

 hand you several particulars of our steamers " Esquimaux" and 

 " Polynia," engaged, as you are aware, from year to year in the 

 whale trade in the Greenland seas. We are sorry at not being able 



