Pitcairn Islands
Wednesday, February 15, 2006
ANOTHER PITCAIRN FIRST
As I sit here bathing in the luxury that is SS Golden Shower, I realise that in my haste to leave PI, i forgot to update you all on the lastest in Pitcairn 1st's.
The new Road Map of the Islands (see above) is at the printers, we decided to go for a full colour print run of 1,000, some might say that's a bit optimistic for an island of only 38, but I think we should look forward.
By my calculations, with an average number of visitors of 40 per year, assuming one in two buy a map, that's 20 per year sold. This print run should last 50 years.
Just a few points to mention, although this print run will only last 50 years, we will then have to have a new print run, which will be handy because by then we will have added another road.
Also it would be in everyone's interest to help sell the maps, if we allowed visitors to bring their cars onto the islands. To allow this we would have to build a new harbour terminal, current cost of around PI£4.5 million.
Because we will only sell 20 maps per year and the print run is costing PI£860, we will have to charge PI£42 to make a profit.
I have just emailed the printers to ask them to put the print run on hold until we have built the new harbour terminal.
Have just this minute found out we can get a full World Bank grant for the PI£4.5 million needed for harbour terminal, this will enable us to go ahead with print order for PI£860, after we have sold all the maps over a 50 year period we will have made PI£41,140, minus the interest over 50 years on PI£860 (which will be around PI£22,000) giving us a profit of PI£19,140, less commission paid to shop of PI£10,000, which means we are going to make a grand total of PI£9,140, divided by 50 years = PI£182 per year, divided by the 38 inhabitants = PI£4.81.
I think that's a result.
Posted by Pitcairn Islanders - The Real Christians ::
6:17 AM ::
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