UNKNOWN

Waikato Times, Volume XXX, Issue 2436, 21 February 1888, Page 2

UNKNOWN

■» TO THIS EUII'IHt. Stu,--Your leading article, on this subject states the cost of making tho sugar at t27. If a, 200 ton per diem sactory is built of the latent construction it will be eipahleof turning out 5,000,0001bs of pme. white crystal sugar iu a single campaign, at a cost at the mill of 2.} d, but as at all commencements of now industries, the maximum benefits are seldom reached, wo would estimate the output <>l the mill at 1785 tons of white crystal sugar at L'.'.-rl per lb, and selling prices at Set, oven at these rates we, after making every reasonable allowance for contingencies mike the margin for profit to be 20 per cent on £50,000 capital invested, and to verify our estimates, we have submitted our opinion to an impartial and recognised authority, the Count, d'Abbans, of Wellington, French Consul, who has replied in writing, not only fully bearing out all we have said on tho subject but stating as a certainty that 30 percent, prolitcan be made at present ruling prices for sugar, and without any increase of duty on sugar in New Zealand. Mr Srrecklcs, the American cane sugar king, having become convinced that beet sugar is belter for fruit canning purposes than cane sugar, but on all points equal and more profitable to the farmer and manufacturer, and having backed his opinion by inventing hundredo[ thousands; of pounds in California in beet mills, brings mo now to the end of my "licet." Ouiv this will I add to bad: my opinion of V/aik.to as the essential of a sugar-beet district in New Zealand. After all 1 have read and listened to, and seen relathe to Waikato sods and sugar-beet and beet sugar, 1 am prepared to join with others, and Ibid one thousand poundcash to invest in u beet mill iu Waikato, and 1 am further prepared to sign a contract to grow for 21 years if necessary, 50 acres of sugar-beets, and deliver the. product to a sugar mill at Ills per ton. 1 savin conclusion of this great (subject that Waikato settlers ought to build their own mill, that they can build their own mill, and that Waikato is misleading herself when she pleads impo cuniosity or poverty, as her e.\cu-e One farthing in the pound on the rateable value of property involved in the benefits of beet-root sugar in Waikato counties would yield a stun to cover interest on t'oo,ooo debentures at five per cent. Were a sugai mill at work and a fruit canning and preserving plant fully estabii.-.hed Waikato canned fruits would soon take the place ol all imported articles in New Zealand, and in this way by utilising our fruit and our own sugar the matter is sure to be a success, and every one who has a fruit tree should take a share. Speaking as a fanner feels to-dav capital is the master of our day. therefore if the capital investor is ours, we are our own master. If it is outside capital, then an outsider is our master, labour bug the Hon. Sec. and Treasurer, iu either ca-e and therefore worth watehiug. We ha. i' at least 12,000 of a population in the Waikato Hospital district and J am confident that L am very much within the mark when I sav there are over 1000 of these can raise £50 if they have the will fortius purpose. lam as hard ope,; anyb > !y, ho! if a sugar mill is on, so am 1 for a .-'clOU any how, and so can say ail of us if we have the confidence and the will, for where there is a will there i.s a way, yours respectfully, William A. CItAHAM.