Fruit Farming for Profit in California, 23 



EXPENSE SHEET. 

 1893. 



All expenses of running the Eanche will be met by 

 Mr. Wbiting personally, other than pupils' board afore- 

 mentioned. 



1894. 



For requirements of this year we refer you to Income 

 sheet, when it will be noticed that 20 per cent, is 

 deducted from gross receipts. 



Of this 20 per cent. $700 being 10 per cent, on $7000 

 dead capital^ invested in houses, fences, implements, 

 &c., the balance, $3355, I believe, will be more than 

 ample to run the Eanche. 



