i8o Forestry Quarterly, i 



Payments will be made in advance in installments of twenty-five thou- 

 sand dollars ($25,000) each one called for by the Forest officer in charge, 

 credit being given for the sums, if any, heretofore deposited with the said 

 United States depository or officer in connection with this sale. (See 

 (a), Sierra, D 5, 1912). 



Long term contracts are now sometimes allowed by the Secre- 

 tary of Agriculture in order to put on the market overmature 

 timber a long distance from the market, and consequently requir- 

 ing a large outlay. There are two more methods of stumpage 

 price adjustment (i). To definitely fix the price for certain 

 periods; (2) to adjust the price as given in (a). In this case 

 it is likely that complications will arise, but it is an exceedingly 

 interesting experiment. More exact methods of stumpage price 

 appraisal are necessary, and one of the stumbling blocks is what 

 percentage of th final sale price should go to the purchaser as 

 profit. It is interesting to note in France it is roughly 10 per cent, 

 of the sale price. 



EXPORT RESTRICTIONS. 



According to law, the export of certain timber from the "Black 

 Hills" is not allowed unless "insect infested;" in one contract on 

 the Datil Forest, D 3, the export outside of Socorro County, of 

 only the higher grades was allowed, because the bulk of the 

 low grade produce was required for local development. 



RESERVATION OF TURPENTINE RIGHTS. 



48. (a) This contract does not include the right to turpentine any of 

 the timber included in this sale. Turpentine rights may be leased by 

 the United States provided the turpentine operations will not interfere 

 in any way with the logging operations and that any lease given by the 

 United States will prohibit the boxing of timber, (w. y. p., Sitgreaves- 

 Apache, D. 3, 1912). 



Since recent experiments indicate that western yellow pine may 

 be successfully tapped this (a) clause is being put in all im- 

 portant contracts. 



LIMITED SALES. 



49. (a) It is agreed that, except in the case of small sales for strictly 

 local consumption by the purchaser for his own use, no further sales will 

 be made from the portion of French Gulch south and east of the 

 Anaconda — Big Hole Road before January i, 1915, unless this contract 

 is cancelled, or modified before that date. (1. p., Deerlodge, D i, 1911)- 



(b) Provided the company desires on or before March 20, 1912, under 

 the conditions and provisions herein set forth, to purchase, cut and re- 



