Malarial fevers are relatively few, predacious animals unknown, and insects and reptiles prejudicial to human life or health extraordinarily few in number. In contrast to this we need only call attention to the entire Caribbean coast of South America, where the climate and soil conditions are such that the cacao comes to a superlative degree of perfection, and yet the limits of its further extension have probably been reached by the insuperable barrier of a climate so insalubrious that the Caucasian's life is one endless conflict with disease, and when not engaged in active combat with some form of malarial poisoning his energies are concentrated upon battle with the various insect or animal pests that make life a burden in such regions. Nonresidence upon a cacao plantation is an equivalent term for ultimate failure. Every operation demands the exercise of the observant eye and the directing hand of a master, but there is no field of horticultural effort that offers more assured reward, or that will more richly repay close study and the application of methods wrought out as the sequence of those studies. ESTIMATED COST AND REVENUES DERIVED FROM A CACAO PLANTATION. Estimates of expenses in establishing a cacao farm in the Visayas and profits after the fifth year. The size of the farm selected is 16 hectares, the amount of land prescribed by Congress of a single public land entry. The cost of procuring such a tract of land is as yet undetermined and can not be reckoned in the following tables. The prices of the crop are estimated at 48 cents per kilo, which is the current price for the best grades of cacao in the world's markets. The yield per tree is given as 2 catties, or 1.25 kilos, a fair and conservative estimate for a good tree, with little or no cultivation. The prices for unskilled labor are 25 per cent in advance of the farm hand in the Visayan islands. No provision is made for management or supervision, as the owner will, it is assumed, act as manager. Charges to capital account are given for the second, third, and fourth year, but no current expenses are given, for other crops are to defray operating expenses until the cacao trees begin to bear. No estimate of residence is given. All accounts are in United States currency. Expendable the first year. Capital account: