236 



Less cost of production, etc., 262,500 lbs. 



at Is. 6d. per lb 180,800 



Net profit . . 180,801 



11th Year. 



1,000 acres at 2 lbs. per tree and 3s. per lb. 385,710 

 Cost of production, etc., of 300,000 lbs. at 

 Is. 6d. per lb 192,857 



Net profit . . 192,853 



And so on each year, annual profit $192,853, with a pro- 

 bability of still increased yield. 



Abstract of Profit and Loss. 





Expenditure. 



Profit on rubber. 



Net profit on es 





$ 



$ 



$ 



1st Year 



. . 24,150 







2nd „ 



. . 17,900 







3rd „ 



. . 23,150 







1th „ 



. . 27,650 

 . . 23,800 







5th „ 







6th „ 



. . 25,800 







7th „ 



. . 28,800 . 



. 60,267 . 



. 31,467 



8th „ 



. . 28,800 . 



. 108,481 . 



. 79,681 



9th „ 



. . 28,800 . 



. 156,695 . 



. 127,895 



10th „ 



. . 28,800 . 



. 180,801 . 



. 152,000 



11th „ 



. . 28,800 



. 192,853 . 



. 164,053 



12th „ 



. . 28,800 



. 192,853 . 



. 164,053 



$168,670 (£20,000) 



Expenditure with interest at 5 per 

 cent, up to end of 6th Year 



Net profit on estate after deducting 5 per cent, interest 

 on capital : 



f 7th Year 



I 8th „ 

 Expended . .{ 9th 



1 10th „ 



tilth „ 



And so in future years with a probability of increased 

 yields. 



22,967 or 13 per cent. 



71,181 or 42 

 119,395 or 70 

 143,500 or 84 

 156,553 or 92 



