APPENDIX III
ESTIMATE OF OPERATIONS FOR
FOUR YEARS
1st APRIL 1950 to 31st MARCH 1954
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318
RECEIPTS
EXPENDITURE
1950/51
£ 987,100
£1,717,100
1951/52
1,732,600
2,037,500
1952/53
2,805,000
2,703,000
1953/54
4,352,500
3,582,600
figur
These figures are not directly comparable owing to tho overlap of the crop and financial years. Moreover, as explained in the memorandum, the East African Management has assumed crop figures (at 750 lbs. per acre for ground- nuts and sunflowers) and current prices (£55 o. & f. for groundnuts and £35 for sunflowers) which are unlikely to be realised over the period. Rather than revise the revenue figures by a further series of hypothetical calculations, the Corporation proposes that the risk of deficiencies on agricultural operations to 31st March, 1954, should be accepted to the extent of £3,000,000.
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