58 TRANSACTIONS OF ROYAL SCOTTISH ARBORICULTURAL SOCIETY. 



Throughout the young woods, the removal of dead and dying 

 trees should be carried out at short intervals, commencing from 

 the time that such trees begin to be produced in considerable 

 numbers. 



FINANCE. 



When considering the financial results of the foregoing pro- 

 posals, it should be borne in mind that they are limited to the 

 period of twenty-five years, within which the whole of the older 

 woods will be cut down. 



The average felling-area during that period will be 37 acres ; 

 and it has been estimated that the average annual out-turn from 

 this area will be 52,200 (quarter-girth) cubic feet. The felling- 

 area will be promptly restocked (where natural seedlings do not 

 exist in sufficient numbers); and, in addition, vacancies will be 

 filled up on 928 acres of thinly-stocked plantations, during four 

 years, at the average rate of about 230 acres a year. Daring a 

 further period of six years, the restocking of 949 acres of bare 

 ground will be effected, at the annual rate of about 158 acres. 

 After the expiration of these ten years, and for the remaining 

 fifteen years of the period for which the present Plan provides, 

 the work of restocking will be limited to the annual felling-area 

 of 37 acres. The thinning and under-planting of the young larch 

 woods will, however, become necessary before the close of the 

 twenty-five years ; and a portion, at any rate, of the young Scots 

 fir woods will, no doubt, come under similar treatment. 



The estimates for carrying out the above work are as follows :— 



(1) For the four years ending with 1903. 

 Annual nett profit on 52,200 cubic feet of timber at 



7d. per cubic foot, . . . . £1522 



Deduct, — 



For draining, fencing, planting, forester's salary, share 



of management, and all other maintenance charges, 934 



Annual nett revenue, . . £588 



(2) For the six years ending with 1909. 



Annual nett profit on timber, as above, . . £1522 



Deduct, — 



Maintenance charges, as above, . . . 682 



Annual nett revenue, . . £840 



