104 TRANSACTIONS OF ROYAL SCOTTISH ARBORICULTURAL SOCIETY, 
- On the assumption that the forest would become at least self- 
supporting in twenty-five years, I estimate that £7000 would be 
sufficient capital to meet all requirements, made up as follows :— 
500 aeres, rent 3s. per acre, at 25 years’ purchase, £1875 
Expenses of transfer, registration, ete, . 2 BUG 
Planting, draining, fencing, ete.,at £3 per acre, 1500 
Management for 25 years, at £100 per annum, 2500 
Balance to meet contingencies, : . . | 620 
Total, «2-0 
Such, then, are the outlines of a scheme that I cannot help 
thinking is capable of conferring benefits on British Forestry far in 
excess of the outlay involved in its accomplishment. The first step to 
take is to secure the promise of the necessary capital, and I should 
be glad if members and others desirous of supporting the scheme 
would communicate with me on the matter. At the same time, 
the project would be immensely advanced if we were in receipt of 
a definite offer of suitable land, and perhaps some landowner may 
not be averse to parting with a few hundred acres of his estate in 
the furtherance of the object indicated in this paper. I have the 
less hesitation in making these requests, seeing that subscriptions 
are in no sense of the word donations, but are purely of the nature 
of a perfecily sound, though it may be deferred, investment. 
