The Pamphlet Collection of Sir Robert Stout: Volume 71
Capital Required
Capital Required.
The capital required for working a farm, exclusive of the price of the land, is 40s. to 60s. per acre—£100 for farm buildings (on a 500cre farm) and about £200 for a small house.
Small capitalists can augment their earnings by working for others at convenient intervals.
It is prudent to serve others and gain colonial experience before investing your capital inland.
Do not put all your money into your farm. Keep a reserve.
When profits increase, do not be too hasty to launch out.
Do your utmost to avoid mortgaging any of your property.