AGRICULTURAL DEPARTMENT.


 ASSETS END OF
Net cash, all expenses repaid. $
4,000 acres uncultivated land,
 at $5.00o .. ............
6,000 acres cultivated land, at


Coi


THIRD YEAR.
181,o7o 00

 20,000 00


cost ............. .. 195,ooo 00
mplete sugar factory..... 300,000 oo
 Net profits, all expenses repaid ...... $ 696,070 oo
 RECAPITULATION AGRICULTURAL DEPARTMENT.


Total expenditure with inter-
 est ....... ..........
Net cash received for two
 crops ...... ... .. $,,00,0 00
Value of plantation at cost.. 515,000 00
Profits on investment......


$ 838,930 oo


696,070 00


 $I,535,0oo 00 $1,535,000 00
 Or, $1,o20,ooo net cash dividend, in three years, after
paying 6 per cent. interest on total investment of $755,200.
Dividend on actual investment (after paying 6 per cent.),
averaging 45 per cent. per annum dividend.
 The plantation still representing the full investment.


 DEDUCTIONS FROM AGRICULTURAL
 ESTIMATES.
 CANE GROWN BY MANUFACTURER-GANG SYSTEM.
Cost of culture and delivery of cane, per ton......$1 25

Cost of culture and delivery.of sugar, per 1oo lbs.. 786
Cost of manufacture of sugar, per 100oo Ibs........ 75
Cost of fixed charges on factory, per 1oo lbs....... 48/'
 Cost to produce and manufacture 1oo Ibs.
 granulated sugar .................. $2 o01
Net profit at 5c per lb ................. ..... $2 989
 $5 oo