The value of the above enormous investments of all kinds can be calculated to a farthing, because of the wonderful transparency of all our industrial operations. The Freeland commonwealth, as such, has, during the twenty-five years of its existence, disbursed eleven milliards sterling for investment purposes. The disbursement through the medium of associations and of individual workers (the latter in relatively insignificant numbers) has amounted to twenty-three milliards sterling. So that the total investments represent a sum of thirty-four milliards, all highly profitable capital, despite--or rather because of--the fact that it belongs to no one particular owner; for this very absence of private proprietorship of the total productive capital is the reason why any labour power can avail itself of those means of production by the use of which the highest possible profit can be realised. Every Freelander is joint-possessor of this immense wealth, which amounts--without taking into account the incalculable value of the soil--to 1,300£ per head, or 6,000£ per family. Thus, in these twenty-five years we have all become in a certain sense quite respectable capitalists. This capital does not bear us interest; but, on the other hand, we owe to it the labour-profit of seven milliards sterling, which gives an average of 270£ per head for the 26,000,000 souls in Freeland. But, before we describe the Freeland life which has developed itself upon the foundation of this abundance of wealth and energy, it will be necessary to give a brief outline of Freeland history during the last twenty years. In the former section we had reached the first railway connection with the Indian Ocean on the one hand, and the campaign against Uganda, with the first colonisation of the shores of the Victoria Nyanza, on the other. The attention of our explorers was next directed to the very interesting hill-country north and north-west of Lake Baringo, particularly Elgon, the district on the frontier of Uganda, which rises to an elevation of some 14,000 feet. Here was a large field for future settlement equal to the Kenia and Aberdare ranges in fertility, climate, and beauty of scenery. In variety, the view from the summit of Elgon surpassed anything we had before seen. To the south-west stretched the sea-like expanse of the Victoria Nyanza, bounded only by the horizon. To the north, forty miles away rose the snow-covered peak of Lekakisera. To the east, the eye ranged over immense stretches of forest-hills, whilst the smiling highlands of Uganda closed the view to the west.