220 
of only 50,000 viss would pay them a handsome dividend on their 
outlay. The account may be stated EE 
; PAYMENTS. RECEIPTS. 
Rs. Rs. 
er of licen - 1,00,000 Sale of m qug viss at 
t o! 50,000 vi viss of: rubber Rangoo Rs. = 2,25,000 
K Mogaung, at Rs. 145 Las 72,500 per 100 - 
Freight, “Mogaung to » Bhamo } 1,000 
Freight, Bhamo to Rangoon, 
at Rs. 6 8.0 per 100 s — 
icons: Pe eatablishinnt at 
, Mogaun B: an Eod 12,000 
alay (say 
tides expenses, sueh as 
ents to — isawbwas 2,000 
Total - . - 1,90,750 Total - : - 2,25,000 
Which leaves a clear profit of Rs. 34,250, that is to say, over 17 per 
cent. on the voe invested, assuming that the whole pedis occurs at 
the commencement of the season, which is by no means the t 
there is little doubt that the mercem will collect a great deal prea than 
50,000 viss this season; and on every extra 50,000 viss collected they 
will n a net profit of eiri a lac and a half of rupees. 
From the foregoing calculation it seems clear that the pe revenue 
deed from the India-rubber aye is far too small. It is not easy to 
indicate any sure plan by which it may be improved during: the next 
year or two. It is possible, of course, that thors may be keener com- 
petition when the monopoly is next put up to auction; but it is quite 
likely that a “ring” will be formed to keep the price at its present 
with the Meis in the Mogaung district. With the single exception 
n, the Jade lessee, no native, even of another Chinese province, 
es Us attempted to compete with them in those 7 Pa Indeed there 
ot half-a-dozen Cantonese or Fokienese, all told, at Mogaung, and 
all in probes with natives of Yuannan, Who require a 
mman 
ers possess the 
Défis essential to the preservation of continuous and satisfactory 
business relations with the Kachins. It is probable, therefore, joging 
from the pa unfriendly attitude of the Kachins towards us t 
attempt to buy rubber direct from them, or to collect it in their inte, 
would be a failure. The Yunnanese, from interested motives, would 
averse to assisting us i task, and without their co-operation, or at 
least their gdod will, it would be difficult, if not ceder to, wen 
a vence supply. With the complete pacification of the d t this 
will no doubt € ; in the meantime it might de Rm 
; ma either by placing a reserve price on the monopoly when next 
put up to aiietion, | or by ebotishiup the monopoly and andi the India- 
rubber as it is — down, or by effecting some arrangement with 
the Yunnanese traders, to make thesé' fine forests yield tga more 
than the nominal révenue heretofore derived I them 
AE a 
