— 51 - 



"It is notorious that from year to year a stock of unsold essential 

 oils is carried forward into the next season, the average of this stock 

 amounting to about 



400000 lbs. (Sicilian) of oil of lemon 

 40000 „ „ „ oil of orange 



30000 „ „ „ oil of bergamot 



5000 „ „ „ various other essential oils. 



u If we place on these oils the prices to which the Camera will ab- 

 solutely be compelled to drive them, we arrive at the following results: — 



Lemon oil 400000 lbs. (Sicil.) at L. 3 per lb. = 1 200000 Lire 



Orange oil .... 40000 „ „ „ L. 5 „ = 200000 „ 

 Bergamot oil. . . . 30000 „ „ „ L 14 „ = 420000 „ 

 Various other oils . . 5000 „ „ „ L. 10 „ = 50000 „ 



Total 1870000 Lire 

 "Hence the sum of about 1 900 000 Lire would be required merely to 

 pay for those essential oils which are carried forward from one season 

 to another, and of the proposed 2 000 000 Lire a balance of only about 

 130 000 Lire would be left, which would hardly be enough to provide the 

 necessary premises, storage tanks and coppers, filters, 6jc. It is further- 

 more well known that one of the acknowledged principles of the essential 

 oil business is the making of advances to the manufacturer upon the oil 

 to be prepared by him, these advances being used to purchase the ne- 

 cessary fruit, such as lemons, oranges, bergamots, 8jc. from the landed 

 proprietors. As a rule about 25°/o of the value is paid in advance upon 

 nearly two-thirds of the total production. Assuming the annual output 

 to be of 



lemon oil 1 500 000 lbs. (Sicilian) 



orange oil 250 000 „ 



bergamot oil ... . 350000 „ 



it is evident that in order to advance 25°/o of the value upon two-thirds 

 of the output the following amounts would be needed: — 



1000 000 lbs. (Sicil.) lemon oil at L. 0.75 per lb. = 750 000 Lire 

 166 000 „ „ orange oil „ L. 1.25 „ =207 500 „ 

 233 600 „ „ bergamot oil „ L. 3.50 „ =815 500 „ 



Total 1 773 000 Lire. 

 "It is further known that all essential oils are produced between 

 November and March; that therefore the entire output is brought into 

 warehouse within five months. Hence, within that space of time the 

 balance of three-fourths of the value would have to be paid upon the oils 

 on which 25°/o advance had already been given. This balance would equal 

 5 319 000 Lire. We expressly leave out of account the residual one-third 

 of the output of the value of about 3 500 000 Lire, because we assume 



4* 



