What
has the purchaser obtained for this sum? One thousand acres of
dense forest, to which there is no road. The one thousand pounds
passes into the government chest, and the purchaser is no longer
thought of; he is left to shift for himself and to make the most
of his bad bargain.
He is, therefore, in this position: He has parted with one
thousand pounds for a similar number of acres of land, which will
not yield him one penny in any shape until he has cleared it from
forest. This he immediately commences by giving out contracts,
and the forest is cleared, lopped and burnt. The ground is then
planted with coffee and the planter has to wait three years for a
return. By the time of full bearing the whole cost of felling,
burning, planting and cleaning will be about eight pounds per
acre; this, in addition to the prime cost of the land, and about
two thousand pounds expended in buildings, machinery etc., etc.,
will bring the price of the land, when in a yielding condition,
to eleven pounds an acre at the lowest calculation. Thus before
his land yields him one fraction, he will have invested eleven
thousand pounds, if he clears the whole of his purchase. Many
persons lose sight of this necessary outlay when first purchasing
their land, and subsequently discover to their cost that their
capital is insufficient to bring the estate into cultivation.
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