42 
Indian Forest Records. 
[Vol. VI 
Part Vli.—Financial aspect of the business. 
1. Profit and Loss Account. 
No definite figures are available as to cost of working, as a suitable 
plant was not available, nor has any work of exactly the same nature 
been carried out up to date. In framing an estimate of working, past 
experience of pine oleo-resin distillation and solvent extraction of fats 
and oils have been taken into consideration, while the cost of tapping 
and collection is based on actual working in Gwalior State and on the 
experiments carried out in the North Khandesh Division. The rates for 
turpentine are based on pre-war rates for a good grade of American oil and 
this may be taken as a correct assumption, in view of the favourable 
reports received on Boswellia turpentine. The present rate in India 
for good turpentine is Rs. 5-8 per gallon, while the price fixed in the 
estimate is Rs. 2-8 per gallon. From reports received from the Imperial 
Institute and other sources, the rosin may be classed as “ G ” grade 
colophony, which in August 1917 sold at Rs. 16 to Rs. 17 per maund 
and may be put at Rs. 10 per maund after the war. To fix a price for 
the gum is a more difiicult problem, as it is a new product, not unlike 
gum arabic, but probably not of the same value on account of 7 per 
cent, of bassorin, which it contains. Gum arabic may be put at Rs. 40 
per maund, so that Boswellia at Rs. 5 per maund is probably a very 
low estimate. J 
Based on the above data, the following estimate of profit and loss 
has been framed :— 
Cost of dealing with 100 maunds of gum-oleo-resin. 
1. Cost of collecting 100 maunds of crude “ drip ” at Rs. 5 
per maund . . . ... 
2. Cost of distillation :— 
(I) Loss of 5 per cent, of Benzine (Sp. Gr.= -74) at 
Rs. 2 per gallon on 100 maunds of resin . 
(II) Steam distillation, recovery of solvent from both 
stills per 100 maund, at Rs. 0-8-0 per maund 
Rs. 
A. P. 
Total 
3. Labour and supervision at Rs. 0-8-0 per maund per 100 
maunds of resin ...... 
4. Over head charges at 2 annas per maund per 100 maunds 
of resin ....... 
5. Depreciation at 10 per cent, on plant per 100 maunds 
assuming its cost to be Rs. 100,000 and its capacity 
60,000 maunds of resin per annum . . . . 
6. Interest each year at 6 per cent, on Rs. 50,000 working 
capital per 100 maunds . 
7. Packing, insurance, etc., 4 annas per maund per 100 
maunds of resin ..... 
8. Miscellaneous charges ..... 
Grand Total 
[ 344 ] 
. 500 
0 
0 
. 112 
0 
0 
\ 50 
0 
0 
. 662 
0 
0 
. 50 
0 
0 
. 12 
8 
0 
. 16 
12 
0 
5 
0 
0 
25 
0 
0 
8 
12 
0 
780 
0 
0 
