An estimate of the cost of the machinery, Ind, and buildings, of the proposed factory, and of the income and expenditure in one year's working of the same, respectfully drawn up 1.—Cost of the newest and most, profitable machinery, complete in every way, including freight, insurance, and import duty.......v"Tls, 255,000 2.—Parchase of land} making a wharf; changing the surface drainage 80 as to form ponds of clear water 14,000 3.—Ere buildings, godowns, ete. 48,000 4.—Fittings for the same. 3,000 The above four items, Tls. 320,000, form the expenditure on capital account. This may be increased as additional horse power, machinery, or buildings are required. There will be nothing else under this head except the yearly repairs needed.
5.—The company is to be started with a capital of Tls. 500,000. Deducting the above outlay on capital account, there remains Tls. 180,000 for the purchase of cotton and coals, the wages of the factory hands, and the incidental expenditure.
6.—There will be bought 800 power looms, instead of 480 as represented in the original petition to their Excellencies Li and Shen, being an increase of 320.
7.—The machinery to be bought can make all kinds of foreign cotton goods of any width, length, weight and thickness, 8.—These 800 looms will be going 60 hours a week, and with hands of only mid-ling ability they can turn out in that tine 6,600 pieces of cotton goods, Leaving out Sundays, and making allowance for the short mouths, this will make a total outturn for the year of 330,000 pieces. At first the factory hands will be raw and inexpen ienced, but even in the first two or three months they will be alite to turn out, at the very lowest possible estimate, 5,200 pieces a week.
Text read from the printed page and cleaned; old type leaves the occasional error.