Periodical Literature. 225 



a method the author has developed in Forstwissenscliaftliches Cen- 

 tralhlatt, 1905, requiring no determination of rotation or formation 

 of management classes. Again the author accentuates that he recog- 

 nizes no difl'erence between annual or intermittent management as 

 regards just and correct assessment of value. As with every kind 

 of property, the sale value varies and should be re-assessed from 

 time to time. 



The income tax, also a personal tax, is assessed as a percentage of 

 the actual annual net income, no matter what the source. A just 

 value of forest income can be based on the property value as just 

 elucidated. It consists in the money value of the annual wood incre- 

 ment on the actual stock, no matter whether this is harvested an- 

 nually or intermittently or not at all; and for simplicity's sake the 

 income assessment may be conceived as merely an adequate interest 

 rate on the propei*ty value ascertained as shown above. The author 

 considers 2% for broadleaf forest, 2.5 fo for conifer forest, and S% 

 for coppice, adequate. 



Zur Frage der Waldbesteuerung. Allgemeine Forst- und Jagd- 

 zeitung. June, 1906, pp. 184-189. 



The Prussian forest department has this 

 Prussian year exceeded the hundred million mark 



Budget. limit of receipts, showing an increase of 



over one million dollars over the previous 

 year (1905), and altogether round $24,000,000, the expenditures 

 having been little less than 50 per cent, of the gross increase, or 

 $12,000,000. In the receipts for wood sales the increase of the pro- 

 portion for woodwork as against firewood is of interest. While in 

 1895 the 58 million marks resulting from sales were apportioned 

 between the two classes as 38.4 : 20; in 1904 the 108 million mark 

 receipts were apportioned as 86.1 : 22.4; that is to say the firewood 

 reperesented little over one-fifth. 



Among the extraordinary items of the new budget there appears 

 nearly $500,000 provided for the promotion of forestry and agri- 

 culture, over $1,000,000 for river regulation, and about $750,000 

 for carrying out forest protective service and assistance to private 

 forestry. 



