138 



PROFITABLE PIGEON BREEDING 



our twelve records into one and then we have a statement 

 which shows us exactly what the condition of the business is 

 at a glance — profit or loss. Not only can we become aware of 

 how much our profit or loss is but \\e can arrive at the cost 

 of feeding a pair of lairds per year, and what may be expected as 

 a return from a pair of birds, how much our hiied help has 

 cost, etc., and \\hat part of the profits has come from the sale 

 of scjuabs, what part from the sale of breeding stock, etc. 



"HAPPY" — A GIANT RUNT 

 Bred and owned hy King Lofts, Hayward, Cal. Notice the cup he won. 



A great many breeders do not kno\\' whether they are making 

 money or not. Each branch of the business should be shown up 

 as to receipts and expenses, ^^'e can only arrive at these figures 

 by tabulating our expenses and receipts each month. Leaks 

 may be occurring right along and may be depriving the breeder 

 from reaping a profit which he might justly expect but without 

 these records we cannot discover these leaks except by accident. 



When we make up our yearly statements we must always 



