502 TRANSACTIONS OF ROYAL SCOTTISH ARBORICULTURAL SOCIETY. 



Another example may be given. It is that of a wood in the 

 north of Scotland. The wood, which was 26 acres in extent, 

 consisted chiefly of larch and Scots fir. The cost of planting, 

 fencing, and draining was £84:, 10s.; forty-five years' rent at 10s., 

 ,£585; amount of taxes, repairs, and management, £409, 10s.; 

 interest on capital expenditure (£84, 10s.) at 4 per cent, for 

 forty-five years, £152, 2s.— Total charge, £1231, 2s. Three sales 

 of thinnings took place, realising the total sum of £1040; pro- 

 ceeds of final cutting, £1560 — Total, £2600; which leaves an 

 apparent profit of £1368, 18s. It cannot be traced whether the 

 cost of thinning is included in the cost of management, or falls to 

 be deducted from the total sums received. At the last thinning, 

 however, as well as at the final cutting, the trees were splash- 

 marked, and felled by timber merchants. The following figures 

 show net results, and refer to thirty enclosures, extending over 

 2320 acres. The net valuation of standing timber and sales is 

 £87,270. There is no mention of either the rent of the land or 

 of the interest on capital expended. One wood, 300 acres in 

 extent, gave a net return of £16,000 for the fifty years it stood. 

 The land was of no value previous to its being planted. On the 

 same site there is now growing a thriving plantation of Scots fir 

 and larch, worth about £10,000 gross. 



From the counties of Aberdeen, Banff, Inverness, Moray, and 

 Perth, a number of figures on the same lines are available ; but 

 the results are so similar that to insert them here would simply 

 be a repetition of what has gone before. 



There are a few returns which, on being analysed, show a 

 decided loss, accounted for by remarks such as "Injudicious 

 planting," "Destroyed early in life by game," "Would have 

 paid well if properly managed," " Not planted for profit," 

 "Everything in forestry has to give way to the gamekeeper." 

 Such are some of the reasons given for woods, though fairly 

 extensive, not being remunerative. 



The following is an account of an unremunerative planta- 

 tion. A piece of land, 15 acres in extent, planted about 1800, 

 was cut in 1868, realising only £350. The land was replanted 

 in 1869, at a cost of £4 per acre. This crop was, however, 

 eaten down by game, and had to be replanted in 1871, at 

 a cost of £3, 10s. This also was eaten down, and the wood 

 was again planted at a cost of £2 ; so that the total cost of 

 planting came to £9, 10s. per acre. The value of the crop at 

 this date is under £15 per acre. Not far from this wood is an 



