434 Forestry Quarterly. 



is a much more important factor than is taxation in determining 

 whether the Government or the individual will grow the forests. 

 The argument outlined above does not apply to the woodlot 

 owner as it does to the private owner of large tracts of timber 

 land. The woodlot owner is freed from considering many costs 

 which vitally afifect large owners, labor, interest in the land cost, 

 cost of restocking, and frequently taxes. 



COST OF GROWING TIMBER ON QUALITY II FOREST SOIL. 



N C eg 



-£" c CO-- ■:Z73, 



Tip-,. 03 ^ W t^ u .S 



-oo rt § ^3 oU cOoa 



to en S h4 S en 



Estimated interest rate 3% 4% 4^% 5% 6% 7% 



Compound interest on soil value 



6o years $24.46 $47-SO $69.64 $93-39 $159-95 $289.24 



Cost of stocking with young 

 trees 5-00 5-00 5-00 5-00 5-0O 5.00 



Compound interest on cost of 

 stocking 24.46 47.50 69.64 93.39 159-95 289.24 



Sum of annual charges for ad- 

 ministration and protection 

 for 60 yrs 12.00 12.00 12.00 12.00 12.00 12.00 



Compound interest on all 

 amounts spent on administra- 

 tion and protection from the 

 time incurred to the time of 

 cutting 20.61 35-60 45-90 58.71 9462 150.71 



Taxes under general property 



tax 28.66 28.66 28.66 



Interest on taxes 45-42 53.23 76.52 



Yield tax 25% 26.64 49-34 67.39 



Total oer acre 11317 196-95 269.57 336-57 5^3-41 851.37 



Total per M on basis of S2M 

 per acre in 60 years 3-54 6.16 8.42 9.37 i5-2i 25.77 



