FOREST commissioner's REPORT. 



143 



Acre on Parkektown Cut to Standard ok Fifteen Inches Four Feet From 

 GROUND. Value of growth upon it in Twenty Years Succeeding. 



1,852 feet board measure grows to 3,335— per year, 7i. Rate of growth at com- 

 pound interest, 3%. 



S3-19 in value grows to S7.73— per year, $.2,'5. Rate of growth at compound 

 Interest, i.f>%. 



Lastly the value of growth has to be considered ^ft*io^to~^*^ 

 in still another way, in relation to the value of the '"i^'' 'values, 

 land. Land that has been cut through rules at a very low 

 rate oftentimes, because most every operator thinks he has 

 cut everything it will pay to cut, and most have but very 

 hazy ideas of growth. Yet such land, examined as the coun- 

 try has been in the course of this study, may be proved to 

 have con-siderable small or scattered spruce upon it. Most 

 of the land explored on Parke rtown for instance, while cut 

 only with the idea of getting all the timber off it that could 

 be got, yet was shown to have enough spruce remaining on 

 it to grow an average yield of some thirtj^-five board feet 

 per year. If now, in the computation of the value of growth 

 upon it, we take as a base, not $1.78, the value of the 

 standing wood at the rates ju.st used, l:)ut one dollar 

 as the market value of the land, the product of twenty years' 

 growth bears a far greater proportion to the starting base. 

 A gain of seven per cent, at compound interest is thus put on 

 the land by growth. Perhaps of all the figures given this is 

 the one which is most applicable. The value of growth in 

 its relation to the market value of land is the thing which 



