. 
‘ SOLENCE AND INDUSTRY. 
Marker Conpirions. 
The market conditions of the Pacific Coast make it difficult to dis- 
pose of pulp on or near the coast, whereas there is little difficulty in 
disposing of paper. The cost of transporting pulp containing a high 
percentage of water points to the use of both a pulp mill and a paper 
mill as the best economic procedure. Hawaiian bagasse, on account of 
the low cost, ought to be more profitably converted into pulp than into 
paper since the latter operation is almost entirely mechanical, involving 
skilled labour, power, and supplies. The conclusion reached is that a 
well-designed 30-ton pulp mill and a corresponding paper mill would 
present an attractive commercial venture under normal conditions. 
Under the same conditions, a 10-ton pulp mill and a paper mill would 
not offer especially attractive financial possibilities. If the latter were 
designed so as to allow for large expansion, at least 100 per cent., the 
smaller plant might be an advantage at first, and might be converted 
into a better paying proposition at a later date. In any event, any 
decisive action should be deferred until trade and labour have reached ° 
more stable conditions. 
346 
