Periodical Literature. 



303 



annually in the same manner and at the same time that the land 

 taxes are collected. 



6. The deferred timber tax certificates would be a lien against 

 the property. 



7. In case of fire destroying the timber upon which deferred 

 timber tax certificates were issued the county would have the 

 right to lien on any other property, to insure payment of principal 

 and interest. 



8. When the owner desires to cut the timber he must first notify 

 the county tax collector, 60 days prior thereto, and pay all accrued 

 principal and interest due on said lands before commencing oper- 

 rations. The county shall release such units as desired. 



9. The timber shall be re-assessed every five years. 



10. The present provisions in the law regarding delinquent 

 taxes would apply under this system. 



11. When the timber is cut the state may elect to purchase the 

 land by the payment of the assessed valuation plus the taxes and 

 the interest. 



The apparent advantages of this system are : 



The county receives the annual tax on the land, and through 

 the sale of the deferred timber tax certificates, also the principal 

 of the tax on the timber. 



The timber owner is not compelled to cut his timber regardless 

 of physical or market conditions to prevent practical confiscation. 



The state is assured the acquisition of the land for reforestation 

 or agricultural purposes, at a fair price and pre-determined price. 

 The lands best adapted for cultivation could be sold for homes 

 and the rough, broken, mountainous land utilized for reforestation 

 purposes. 



Mineral rights should be reserved to the state. 



The method of timber taxation in British Columbia embodies 

 the above ideas and has produced excellent results. 



Taxation of timber should be as nearly uniform as possible 

 throughout the state, taking location, yield and quality into con- 

 sideration. 



The Timberman, January, 1912. 



