, 1874-11-21

A0EO a ~ II
standard OF former times. He could not in
this connection omit calling attention to the
circumstance, that when at present the prices
on Muscovado Sugars 10 the European Markets
are quoted with a high figure, cash., It must
not be forgotten that that is not for St. Croix
Sugars; for, in fact, St. Croix Sugars do not
exist 10 the markets to an extent that could be
noted; the only place where they are noted
is in Copenhagen, aud we are all aware that
a great deal of what is sold there as St. Croix
Sugar is in reality Portorico Sugars. And
if it be said that St. Croix Sugars have not
always been as Indifferent as in the last 3
years, he would beg to say that he had as far
as SO years back had opportunity of examin-
ing the difference of qualities of our produce
with that OF other places, and be must say,
that ID that time, at least, the quality of St.
Croix. Sugars has been and is in the same pro-
portion to Porto Rico Sugars as formerly,
but reversed for while Portorico Sugars in
Is AZ could not equal St. Croix Sugars in quail.
ty, now they are superior, which will have
been TO ic d from the samples exhibited here.
He knew very well that some parties here
prefer s.. Croix Sugars to others that is of
course a matter ~oftaste but a man whose bust
ness it is to make and sell sugar for a living,
must suit his business not according to his own
taste, but that of tn bYes. Blu even if those
higher p:ices 10 + r ign markets were for our
produce and he would be glad fhe were wrong
st Il it's indisputab'e that there is posi-
blllty to increase the quantity by about
80 p. Ct, and this is 80 weigbty a point that
it ought to be tried. The next benefit of
Gent al Factories would be that the agricul-
tural business would b an occupation by
itself, and with them the agriculturist will
not be having to occupy himself with a work,
which IT Q can master at the moment he would
be unable in the long run to master, as improve
ments are being introduced 10 the world round
ABOUT the tact Is, the manutac' uring business of
every KIND is already improved on a scale diff
cult for US to hive any right idea of, without
having seen it and if, therefore, estateproprie.
tors here are freed of the trouble of having
to occupy themselves with questions wholly
different to their real occupation, they could
then pay more attention to the AGRICULTURAL
pursuits, and the result would then no doubt
be the same hero as it has been elsewhere:
the returns of the soil would donble the former
production. And he would here call attention
TO the report given on Martinique affairs in
this respect, where it is shewn, that before the
introduction of Central Factories %A~%o the soil
was exhausted as much, or perhaps more than
S.. Croix soil is at present, and experience has
been that the yield afterwards increased. GER
taiDly with additional expen e, but which of
course was more than covered by the better
product obtained from the canes delivered to
the Factories, Under such circumstances, he
thought it but right that the facilities and i'm
munities which it will be requisite to concede
Central Factories should be in accordance
with whas is admitted in similar cases in Dem
mark, especially 10 regard to the establish
ment of Railways, and then more particu-
larly to guarantee shareholders an interest
from the Colonial Treasury of up to 6 D.
Ct. In Denmark the ordinary rate is 4 D.
c., still he had proposed 6 p. Ct. for the Fac
tory here because it is necessary that the
interest should be higher here, so as to eucour-
age people to invest money in the Westindies
instead of in Europe, where there are so many
paying Investments. Aud in fixing the
guarantee for 90 years, the consideration
was, tOat when the Colonial Treasury
guarantees shareholders 6 D.. Ot. for hat
term, they wilLfn that time have re.
gained their capital. Ia regard, mkt, to the
question on what conditions the delivery of
canes will take place, he would state, that. in
Martinique experience has brought it to this
point, that the deliverer of canes gets 81 ID. of
Sugar, Muscovado prices for 100 lbs. Of canes
delivered, and partakts with the shareholders
in the profits after 1870. On enquiries on this
point in Martinique, it was ascertained that those
conditions had proved to be more beneficial to
hofh portioc- 70 tho Eookor;oe ooJ a. IL. IL: