| Per ton. | |||
| £ | s. | d. | |
| Cost of Sicilian sulphur, | 5 | 17 | 4 |
| ” Icelandic ” | 2 | 18 | 4 |
| Profit in favour of Iceland, | £2 | 19 | 0 |
| Per ton. | |||
| £ | s. | d. | |
| Estimated cost of Spanish, | 4 | 11 | 0 |
| ” ” Icelandic, | 2 | 18 | 4 |
| Profit in favour of Iceland, | £1 | 12 | 8 |
Estimated Profit on Icelandic Sulphur.
The market price of sulphur ranges from about £6, 5s. per ton for third quality to £8 for best. As by far the greater part of the Icelandic sulphur would be best quality, its average market price may be safely put at £7 per ton.
| £ | s. | d. | |
| Market price, | 7 | 0 | 0 |
| Cost price, | 2 | 18 | 4 |
| Estimated profit per ton, | £4 | 1 | 8 |
Estimated Profit per Annum.
Italy, in the year 1870, exported 52,546 tons. From the comparison between the relative formations, there is every reason to believe that as large a quantity can be exported from Iceland as from Italy; but, supposing that for the first year or two only one-third that quantity is exported, viz., 17,515 tons, at a profit of £4, 1s. 8d. per ton, the annual profit would amount to over £71,500.
NOTE I. TO SECTION V.
(Translation.)
Leasing Contract.