575 



The market valuation of the estate has, in the table, been 

 apportioned as follows : — 



£ £ 



25 acres 10 year old rubber at 1,421 = 35,535 



T2.V2 n 9 n » 1,244= 90,790 



375 » 8 „ „ 1,066=399,762 



65 „ 7 ,, „ 888= 57,744 



30 „ 6 „ „ 711= 21,320 



150 „ 5 » » 5io= 76,620 



440 „ 4 „ „ 333 = 146,576 



962^ „ 3 ,, „ 200=192,375 



1,424 „ 2 „ „ 111 = 158,120 



1,027% „ 1 „ „ 53= 54,767 



6,709% Jungle 3= 20,157 



Total = Market valuation ... 1,253,766 

 It is quite likely that many readers whose knowledge entitles 

 them to express an authoritative opinion may not approve of the exact 

 ratio of the apportionment; but the table has been so arranged 

 that any reader may mentally readjust the figures to his own liking. 

 If the older rubber is to be placed at a higher figure, the younger 

 rubber must be put down at a lower value, and vice versa. 



It may be of interest to note that the price at which the Lanadron 

 property was sold to the public in 1907 is quoted in the prospectus as 

 follows : — 







£ £ 



22% 



acres 8% year old rubber at 



190= 4,275 



2% 



., 8 



180= 450 



30 



„ 7% „ 



170= 5,100 



42% 



„ 7 



160= 6,800 



252% 



„ 6% n 



150=37,875 



122% 



„ 6 



140=17,150 



45 



,, 5% „ 



130= 5,850 



20 



„ 5 



120= 2,400 



10 



„ 4% „ ■ 



100= 1,100 



20 



* 4 



100= 2,000 



150 



,, 3 



60= 9,000 



150 



,, 2% „ 



45= 6,750 



250 



,, 2 „ „ 



35= 8,750 



300 



* l l /2 » 



25= 7,500 



602% 



„ I 



15= 9,037 



1,337 



„ under I „ „ 



10 = 13,370 



6,866 



„ Virgin jungle „ 



3 = 20,598 



534 



„ Secondary jungle 



2= 1,063 





Total 



159,073 



and it will be remembered that the shares went to a substantial pre- 

 mium immediately on flotation. 



Particulars of catch-crops and interplanting have been fully 

 detailed in the remarks column of the table. Interplanted crops 

 frequently retard the growth of rubber, and, although their cultivation 

 may in some instances lead to the payment of dividends before the 

 rubber comes into bearing, their value is to some extent doubtful, 

 and no allowance has been made for them in the calculations. What- 

 ever benefit may accrue from interplanted crops may be regarded as 

 an additional advantage, which may favourably influence the investor 

 in his choice. 



