INVESTMENT IN COFFEE.
Victoria Nyanza Sugar Company's latest venture East Africa Coffee Plantations, Ltd., has been described by G. R. Mayers, managing director of the , company, at present in Sydney. The coffee company had about 300,000 acres under cultivation in Kenya, and that another 700 acres were being prepared. The country, said Mr. Mayers, is suitable for the growing of coffee, and had the additional geographical advantage of being situated near good markets. Mr. Mayers estimates that the crop of coffee now being picked will be in the vicinity of 100 tons. An average price per ton would be £118. The price, he said, ranges, according to grades, between £100 and £150 per ton. The company, altogether, had about 4000 acres of land. Speaking of the parent concern—Victoria Nyanza Sugar—Mr. Mayers stated that he did not expect it to extend much beyond the production of 8000 tons of sugar per, year. The company was experimenting with soft' canes grown in Queensland, but •at present' the Üba cane was the only variety that could be successfully grown in South Africa. All others developed disease. •
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Evening Post, Volume CV, Issue 129, 2 June 1928, Page 12
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183INVESTMENT IN COFFEE. Evening Post, Volume CV, Issue 129, 2 June 1928, Page 12
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