376 Forestry Quarterly. 



Appraising of damages (see Fernow, Considerations in appraising 

 damage to forest property). 



Nature of damages — fire, theft or illegal cutting. 

 Valuation of damages — basis. 



When timber is sold or removed. — When damaged by fire. 

 Partial damages — Sometimes greater than total removal of crop. 

 Damages to future crops : Relation of future crops and rental value 

 of land. Relative importance of first, second and subsequent crops. 

 Financial effect of damages. 



Extra damage due to fire shown by damage to future crops. Damage 

 to sale value from aesthetic standpoint. 

 Basis for valuation of damage always sale value unless expectation or 

 cost value shown to be more reasonable. 



Dependence on ability to prove growth of forest. 

 Legal aspect of damages. 



Present status of timber and possibility of using. Expectation value. 

 Purpose of owner considered. Reasonable proof of damages. 

 Actual versus remote damages. Difference in value before and 

 after the damage. Cost of restoration as a basis. 

 Presentation of damages. 



Damage to sale value : to expectation value of present crop ; to value 

 of future crops. Simplified methods of presenting claims for 

 damages. 

 Application of forest valuation. 



To find costs. Dependence on determination of yields per acre, 

 and on assumed future sale values. 

 Determination of rate of interest earned by a forest, based on its annual 

 income. When sale value of forest is used instead of total cost. 

 Practical Hints may take the following form : 



Practical requirements differing from theory, yet practical judgment 

 based on theory, combining actual and anticipated conditions. 



Avoid use of formulae in presenting a case, explain by words ; formulae 

 are to develop proper modes of thinking. SimpHfy calculations as much 

 as possible and make them as far as possible for short terms. Leave out 

 minor considerations. Figure all possible values and choose the most 

 reasonable, if possible, the most profitable. 



Forest Statics. 



Definition and History of Statics. 



Concerned in measuring financial effects or profitableness of different 

 methods of management, relying upon forest valuation. 



Three ways of measuring effects : 



a. Bookkeeper's Balance, surplus comparing charges and incomes. 



b. Entrepreneurs Profits, surplus, charging interest account. 



c. True finance calculation, interest rate earned on capital. 

 Applicability of these methods- 



Formulae in use. 



Consideration of most frequent problems: 



Choice of species; 



Choice of method of regeneration, and silvicultural systems; 



Choice of rotation ; 



Relative result of various thinning practices. 



Forest Administration. 



In discussing Forest Management, Lumbering, Forest Protec- 

 tion, and Forest Policy, questions of organization of administra- 



