, 1875-03-17

its local application and have confined our
selves to such information as we have
gathered from other sources which we
have given at some length, perhaps too
much SO Tor the taste of some 1t would
appear however that there are certain
points not yet understood by every body,
one OF which Is the pecuniary relation
between the Cane-grower and the Factory.
This being the case we need not apologi2e
tor repeating what we said as far back
as the 9th of July last year. viz. that
the payment for canes to the grower
is to be the value (medium price,
OF 81 lbs. OF Muscovado Sugar for every
100 lbs. of canes riM dicision of profits be-
tueen the GrO0er and the Factory equalg, af
ter q certain percentage has gone to the Fac
tory, anda ReServe Fund has been paid up
IA p. Ct). This point has been explain
ed by Governor Garde in the Council in
the following words There is one
point of special interest to cane-growers to
which | would call attention, viz. the
conditions for the delivery of canes as
stated IN the documents signed By the respective
parties, II ~as understood that canes are to be
deltre1ed on condition 9fth parties r~eceiving
the 0at1e 9f53 lbs. Muscorado sugar at mar
het price for erery 100 lbs. of canes deHrered,
and tie net profits after IA p. CT. to be equal
Ly dlridcd between the deLUerers of canes and
the shareholders Of the factories, homeuer not
6gore q ReSerce Fund had been established.
IA1S ac5U be altered 50 that the Reserre Fund
ujH be established out Of tie IA p. c., and
the dlrIslo@ 9fhe net proceeds qciU commence
at once for the deE0erers Of canes."
These words are so plain that they can
hardly require any further explanation.
The principle of dividing profits is
copied from Martinique and is to be pre-
terred to the other modes of payment
prevalent there, viz: 5 lbs, 81 lbs.
or 6 lbs. without share of profit to
the grower. But it is more advantage
Gus to the planter than that of l.
Uslne du Simon in Martinique, which
offers as great advantages as any Fac
tory there. The following is ore of
the sections OF the statutes of that
Factory "The Reserve Fund consti-
tuted, all the annual revenues exceeding
II p. ct. as interest to the shareholders,
3 P ct. for amortization and lilo of the
surplus to the administrator, shall be APP
piled one-half to the shareholders and one
half to the deIiyerers Of canes in proper
ton to the sums accruing to each one of
these latter for canes delivered for the
year"
To tie foregoing we would beg to add
that we have understood that Mr.. Ha-
gemann has come here for the purpose of
settling this vital question of the estab-
lishment of Factories, and all those who
are pot Systematically opposed to the idea
itself and we do not think there are any
of that category here-wilI no doubt en-
brace the opportunity Of seeking informa-
ton from one in a position to give it with
authority. We are confident that this will
be the case, and shall therefore abstain
from going into detail about other adj
vantages offered, for instance that of a
large loan on cheap interest, which will be
profitable to shareholders and cane growers
alike, under the provisions of the principle
Of division of profits between the former
and the latter.
Sunday evening about 6 o'clock the