, 1882-08-16
The Projected CeWGrag Factory
iM Jamaica
From the Cleaner.

among those who have the means 'f max
ing profitable Investments, but with the
public generally, for it c~Ontemplates ad-
vantagss beyond d handsome return on
capital. Whatever may be the OPT Mons
which the prospectus will evoke, there
can be no doubt that it will be awarded
the merit of simplicity, for it is scarcely
possible on its peruSal to mlS'Onceive the
object of the contemplated scheme. he
Company proposes to raise d capital OF
G1OO, 900, one half from shareholders i'll five
thousand shares of G1O each, bearing
interest at 8 per cent. per annum, the
other half by debenture bonds, payable in
6, Z, s.. 9, and 10 years, also bearing inter
est at 5 per cent per annum and, III refer
ence to the debenture bonds, confidence
will. we are sure, be inspired by the fol-
lowing extract from the prospectus, to
which we give prominence:
"His Excellency the Governor seeing
the great general and public advantage
to be derived from this enterprise, and
with a view Of assisting it's successful
operations by enabling it to obtain money
at a low rate of Interest, has Ill cOntempla-
ton recommending the guarantee 10y the
Government of the debenture bonds pro-
posed to be issued as above, provided the
company is formed on a substantial
fOundatiOn.'
This paragraph is, of course, authOri-
tative, and there can be no doubt what
ever that the guarantee will be given on
the terms upOn which it is proposed to
recommend it-that the accompany so
formed be on a substantial foundation"
which of course must be the work OF those
who may become interested III II.
The contemplated Central Factory
which is to be established in st. Catherine
lis for the manufacture of sugar and rum,
and it is proposed to purchase the canes
for the purpose from the nrighbourlng
proprietorS and ~lessees, whilst The intend
ed works Of the Central Factory Will be
capable of manufacturing 5000 tons OF Su'
gar, and 1000 %puncheons OF rum annually.
We have given the main features OF the
contemplated scheme, and stated precisely
It's object, that the public may estimate
its practical utility. The value Of such
Central Factory established, the profit
that must result to those who may take
stock in the Company il not a matter for
argument or doubt. There can be no
question that many an estate has gone TO
decay because the necessary improve
ments, and continuous repairs needed TO
the machinery would have involved an
expenditure OF money beyond the resour-
ceS of the proprietor or lessee, such
estate in all probability, being pecuniarily
embarrassed as, unfortunately, ls too fire
quently the case. The machinery has been
shipped as old metal, and, as q matter of
course, the cultivation of cane has ceased,
since there ceased to be the means IT
utilizing it. Now, the Central Factory
will supply such means to the advantage
of the company and the grower OF the
cane. Need We add-"TO the advantage
of the country p We trOw not, for COM
mon sense will suggest that every addi.
tiODal acre of cane grown is a benefit to
the island. WHO will plant canes to see
them rot as the result OF his work. Who
may not plant canes, who never did so
before, if the contigulty OF a Central Fac
tory holds out the promise OF a reward for
his labOurf These are simple questions
which suggest their " answers, whilst
they practically illustrate, or rather fore.
shadow, the benefits the proposed Com.
pany will confer.
The idea which has given birth to the
prospectus under notice is not exactly new
III Jamaica. Many years ago i'll the Bal.
carras district OF 81. George, many OF the
small growers OF coffee used TO take their
produce to a property centrally situated,
where it was cured and prepared for mar.
ket. The character of the mountain roads,
however, in those days, and expense Of
conveyance to the Central Factory" of
the coffee in it's crude state, and OF taking
1t back when cured, and then conveying 1t
TO market, made the arrangement unprO.
dtable, although 10 loss was sustained by