Periodical Literature 399 



dinary management results, capitalizing it with the general cur- 

 rent interest rate. In the second case the financially most profit- 

 able management must be posited. The question at what rate in 

 the latter case the yield is to be capitalized is not answered. 



Osterreichische Vierteljahrsschrift fiir Forstwesen, 1914, pp. 288-290. 



An interesting insight into the financial 

 Financial management of a small cantonal forest 



Result property in Switzerland, that of Aargan, 



of shows the profitableness of the manage- 



Small ment. The total area is not more than 7556 



Forest acres, with the exception of 26 acres cop- 



pice and 115 acres open, all in timber for- 

 est. The year 1914 has brought a slightly increased utilization 

 in final harvest in thinnings, the cut per acre being 86 cubic 

 feet, of which 35.8 per cent is workwood, 36.7 per cent stout 

 fuelwood, 27.5 per cent brushwood. The total gross income 

 from wood was around $73,000, the expenditure $31,000, leav- 

 ing a net result of $42,000, or little less than $6 per acre. The 

 price per cubic foot of the main crop was a little over 10 cents, 

 the highest, but for one exception, since 1860. The small ma- 

 terial from thinnings reduced this price to 6.4 cents. 



In the expenditures, the administration figures with 9 cents, 

 cultures 4.6 cents, roads 6.3, logging 2.7 cents per acre. 



Since an overcut had taken place, the equivalent sum of $4,130 

 was placed by the administration in the reserve fund. 



Schweizerische Zeitschrift fur Forstwesen, March to April, 1915, pp. 68-69. 



Schubert reports on the results of a ten 



Estimating year revision of the yield determination on 



for a more than 100,000 acre district in Saxe- 



Yield Meiningen. In the original organization 



Regulation the form factor method was employed in 



stock-taking, calipering all stands which 



were to be utilized in the decade. 



Only in uniform close stands, which were probably to be 

 utilized in the second decade, the sample area method was used. 

 Comparing now, after 10 years, actual cut with estimated budget. 



