256 



tract with stringent regulations as to the area to be logged, the 

 methods to be used and the subsequent treatment of the tract. 

 From the situation of Piihonua in relation to transportation, the 

 cost of logging would at best be high. When to this were added 

 the necessary restrictions and stumpage at the price which I be- 

 lieve the Territory should demand, I cannot see how there would 

 remain any margin of profit for the contractor undertaking the 

 work. 



Looking at the matter in this light I should not be justified 

 from the standpoint of professional ethics, in tacitly recommending 

 the project by approving conditions under which logging might be 

 carried on. 



On this third count, then, I cannot recommend lumbering on 

 Piihonua. 



I recommend, if the Board approves this report, that copies be 

 sent to the Governor and to the Commissioner of Public Lands. 



Very respectfully, 



Ralph S. Hosmer, 

 Superintendent of Forestry. 



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