Colonization

The above account shews that the returns do not equal the outlay by the sum of £2,424, and the profit on the voyage will be the value of the vessel, with her stores, &c. beyond the said sum; thus the clear profit may be fairly stated as £1,000 on a favourable voyage.

Statement of cost of a sperm whaler for two voyages from Sydney, with her probable returns, &c. &c. £ S. £

To entire cost of a vessel, &c. similar

to that in Appendix, including additional casks, fishing stores, insurance, and every requisite for making two voyages from Sydney Allowances for increase on shares of

officers and men

13,250 0

Head matter, bone, &c. &c. 60 tons 3,000 0

18,000 0

Deduct for shares, &c.

£23,050 0

3,500 0

19,550 0

£5,800 0

On comparing the preceding statements it will seem that a vessel making two voyages from Sydney in the sperm whale fishery, (which she can do in less time than is required for making one voyage from England,) will generally procure such a quantity of oil, &c. as will nett, with the interest and various savings specified, the sum of £19,550)—thus yielding, within the same space of time, £9,550 more than the vessel from England would realize !

However surprising this may appear it is strictly true, as an investigation of the accounts will prove most satisfactory, and I may add that these are made out rather unfavourable towards Sydney.

For example the nett proceeds of the sperm whaler's voyage from England are £9,500-the nett proceeds of two voyages from Sydney will be £19,050, which gives an excess of £9,550, besides the value of the ship and stores which, in both cases, may be estimated at about £3,500.

To render it more intelligible it may be briefly stated as underFrom Sydney, (2 voyages.)

From England, (1 voyage.)