Forestry in Great Britain 151 



rated on the supposition that for the O-milHon-acre scheme $10,- 

 000,000 must be borrowed annually at 3 per cent for 40 years, 

 that from 41 to 60 years this sum is met by receipts and then, 

 increasing until the 80th year, when a sustained annual yield of 

 around $85,000,000 may be expected making the property worth, 

 at somewhat over 3 per cent nearly two billion dollars, a half 

 million more than its cost. A similar calculation was made for the 

 six-million-acre proposition. 



As a result of this report, in 1909, the Development and Roads 

 Improvement Funds Act was passed, and, in May, 1910, a De- 

 velopment Commission was appointed to recommend projects to 

 which this fund might be applied. 



In general terms, the fund of $14,000,000 set aside in the 

 Treasury was to be devoted to the promotion of agriculture, 

 forestry and rural industries. 



In outlining their policy regarding the disposal of the funds, 

 the Commission proposed to follow somewhat the Carnegie li- 

 brary idea: "So far from recommending advances in relief of 

 existing expenditure, they contemplate using the Fund within 

 reasonable limits as a means of provoking expenditure from other 

 sources." 



The policy in regard to development of forestry recognizes 

 three directions in which the Fund may be used. 



a. The first requirement for such development is effective edu- 

 cation in forestry at suitable centers, regulated by organized 

 research and demonstration. 



b. No scheme of State afforestation on a large scale can be 

 considered until investigation has shown where ^tate forests 

 might be economically and remuneratively provided, and until a 

 trained body of foresters has become available. 



c. That, for the present, applications for grants for the above 

 purposes should include provision for the creation and mainte- 

 nance of such staff as may be necessary to give practical advice 

 and assistance to those who desire to undertake aft'orestation or 

 to develop existing afforested areas. 



It appears that the three realms, England with Wales, Scotland, 

 and Ireland are to be treated somewhat differently. For England 

 and Wales the Board of Agriculture and Fisheries, through a 

 forestry committee, made propositions of a comprehensive scheme 



