FREE BOOKS

Author's List




PREV.   NEXT  
|<   256   257   258   259   260   261   262   263   264   265   266   267   268   269   270   271   272   273   274   275   276   277   278   279   280  
281   282   283   284   285   286   287   288   289   290   291   292   293   294   295   296   297   298   299   300   301   302   303   304   305   >>   >|  
may now be had for L90, and on other lines of steamers the rates are lower. But it is now time to turn from matters of detail to consider the advantages of coffee in Mysore, as a good, safe, and permanent investment, and in order to show that the two last mentioned statements are well founded, I have obtained some details which will show the probable profits of coffee in Mysore. For obvious reasons I withhold the names of the estates. I have said that the investment is a permanent one, and by this I mean that, unless ruined by profound and incredible stupidity, a well shaded coffee estate in Mysore will last as long as the world will, or at any rate as long as the inhabitants of it choose to drink coffee, and in confirmation of this opinion, I may mention that one of the most flourishing pieces of coffee I have ever seen in Mysore was planted on land first opened about ninety-five years ago, and which was replanted about seventy years after it was first opened. I can also point to land opened in 1857, and which has in recent years been replanted with the new variety of coffee imported from Coorg, and, as the owner of it said to me last year when we were going round the property, "The estate is now looking better than you have ever seen it." But all the old estates in Mysore that were planted in the proper coffee zone are in existence now, and many of them look better than they ever did. The durability of coffee property in Mysore, then, is, as we have seen, not a subject of speculation, but an ascertained fact, and I now proceed to show that it is as profitable as it is durable. The first case I have to give relates to coffee property purchased by a friend of mine with money borrowed at eight per cent. interest, and with his permission I publish an account of his investment, as it not only shows what has been done in Mysore in the face of great difficulties, but illustrates the profits that may be expected from a property that is well managed, and well situated as regards soil and climate. In 1876, then, he purchased a native estate of 240 acres of good coffee land, of which 180 acres had been very irregularly planted with "chick" coffee (the original Mysore plant). The total cost amounted to 98,000 rupees, which sum was borrowed at eight per cent. By 1880 the loan was reduced, from the profits of the coffee, by about 30,000 rupees, and my friend then purchased an adjoining native estate of 163 acres, sixty of which wer
PREV.   NEXT  
|<   256   257   258   259   260   261   262   263   264   265   266   267   268   269   270   271   272   273   274   275   276   277   278   279   280  
281   282   283   284   285   286   287   288   289   290   291   292   293   294   295   296   297   298   299   300   301   302   303   304   305   >>   >|  



Top keywords:
coffee
 

Mysore

 

estate

 
property
 

profits

 
purchased
 

opened

 

investment

 

planted

 

borrowed


friend

 
rupees
 

estates

 

replanted

 

permanent

 

native

 

durable

 

speculation

 

durability

 
subject

ascertained

 

relates

 
profitable
 

proceed

 

climate

 

amounted

 

original

 
irregularly
 

adjoining

 
reduced

permission

 

publish

 

account

 

difficulties

 
illustrates
 

expected

 

managed

 
situated
 

interest

 

obvious


reasons

 
withhold
 

probable

 

obtained

 

details

 

stupidity

 

shaded

 

incredible

 

profound

 

ruined