is IMPROVED v0. UNIMPROVED LAND 
of improved lands. Both kinds are somewhat dearer in 
the districts which enjoy the widest reputation, such as 
Vernon and Kelowna in the Okanagan Valley. But price 
is also to some extent determined by the relative cost of 
clearing, the amount of improvements effected, proximity 
to railway and road, and so forth. Speaking generally, 
the price of raw land ranges from $50 up to $250 per 
acre for small lots, but goes down as low as $25 or even 
$15 for large blocks. Improved land costs from $200 
up to $350 per acre for small lots, and orchards in bear- 
ing sell at $500 to $1,000 per acre. In the better-known 
fruit-growing regions of the United States—Washington 
and Oregon, that is to say, Yakima, Wenatchee, and 
Hood River—prices for bearing orchards run up to 
double the figures I have just quoted. 
Terms oF Payment.—Fruit land in small lots is 
usually paid for in instalments, one-third or one-fourth 
cash down, and the balance after intervals of six, or 
twelve, or twenty-four months, 6 per cent. interest being 
charged on the outstanding instalments. These terms 
are not, however, invariable ; all sorts of arrangements 
are made, from all cash to 10 per cent. cash, and the time 
for payment may extend from one year to five or even 
more, while the interest sometimes is put at 7 per cent., 
or even 8 per cent. 
CapPiraL REQUIRED.—Other expenses which will have 
to be incurred in the majority of cases are the cost of 
clearing, breaking the ground, planting, buying the trees, 
fencing, building a stable, poultry-house, and dwelling- 
house, buying seed and plants, tools and implements, 
and live stock, also furniture. Each and every one of 
