402 TRANSACTIONS OF ROYAL SCOTTISH ARBORICULTURAL SOCIETY. 



valuer will take them into account in fixing the yearly rental per 

 acre for the land on which the plantation stands. 



In estimating the prospective value, the valuer must bear in 

 mind the purposes for which the different kinds of wood are 

 adapted, the position of the wood as affording facilities for 

 removal, the expense of transport if the wood is far from a 

 railway station, the existence or otherwise of a local demand, and 

 the prices likely to be realised. He will also take into consider- 

 ation the influence which shelter and other favourable conditions 

 may have on the growth of trees which enjoy these advantages. 

 It is evident that a thorough knowledge of the different varieties 

 of trees, combined with practical experience on the part of the 

 valuer, is necessary for computing the total number of trees which 

 will reach maturity in a saleable condition, and for estimating the 

 prospective value of these trees. In fixing the value of the 

 thinnings which may be taken, consideration must be given to 

 the purposes for which they may be adapted, and to the local 

 demand. The thinnings of wood, grown in a mining district and 

 suitable for pit-props, must evidently be of more value than those 

 growing miles away from a railway station, and which can only 

 be used for fencing and other estate purposes. In many such 

 cases the thinnings do not much more than pay the cost of their 

 cutting and removal. 



3. Park Trees and Ornamental Timber 



The value of an estate in the country, as a residential property, 

 is dependent to a great extent on the arrangement and extent of 

 the policies, pleasure-grounds, etc. The planting of park trees 

 and ornamental timber in the policies and round the mansion- 

 house, if carried out in a judicious manner, undoubtedly improves 

 the amenity and enhances the value of the estate. A well laid- 

 out flower-garden or kitchen-garden contributes to the same 

 purpose. For valuation purposes, park trees and ornamental 

 timber in the policies are looked upon as an appendage to the 

 mansion-house in the same way as is the flower-garden; and 

 these considerations having been taken into account in fixing the 

 yearly rental of the mansion-house, no valuation should be made 

 of the park trees and ornamental timber, these being already 

 included in the valuation of the dwelling-house. It may be, 

 however, in the case of the pai\k trees, that a much larger number 



