BALANCE SHEET.
 FIRST YEAR.
 Cr.-
By cash expended ...................
By 6 per cent. interest on cash.........
By cash to State ....................
Net profit in lands reclaimed ..........


 Dr.-
To value of lands ...................
To value of two dredges ..............


Balance (value of drained lands).


....$ 85,000 oo
 5,100 00
 .. 5,000 00
.... 44,900 oo

 $140,00oo oo

....$Ioo,0oo 00
.... 40,000 oo

 $140,ooo oo

....$ 44,900 oo


 NOTE-The value fixed for these lands, $5.00 per acre,
is but nominal, similar lands in this locality, but partially
drained, readily sell for from $20.00 to $50.00 per acre. The.
drainage on the plan indicated will be perfect, insuring the
farmer against damage by rainfall or overflow.

 ESTIMATED COST AND RESULTS.
 SECOND YEAR.


Cost, three dredges, complete, $20,000 each. ..$
Operating 2 dredges 12 months ($I,500 each).
Operating 3 dredges 8 months ($1,500 each) ..
Office and field work expenses ..............


60,000 00
36,000 oo
36,000 oo
21,000 00


 Gross expenses ................... ..$138,000 oo

 RESULTS.
 SECOND YEAR.
Two dredges, 12 months, 12 lineal miles canal.
Three dredges, 8 months, 12 lineal miles canal.
Total, 24 lineal miles canal.
Total, 2,814,888 cubic yards excavation.