164 TRANSACTIONS OF ROYAL SCOTTISH ARBORICULTURAL SOCIETY. 



and for the sake of clearness I beg to put forward the following 

 suggestions : — 



(i) That the State should provide the money necessary for 

 the establishment of forests at a low rate of interest. 



(2) That the landlord should provide the land, and should 



be credited in the joint account with its unimproved 

 capitalised value, at the same rate of interest. 



(3) That the work of afforestation should be done by the local 



expert (the landlord or his forester) supervised by the 

 Departmental expert — the Government Forest Inspector. 



(4) That the landlord should retain the " solum "' and sporting 



rights, but should he exercise the latter to the detriment 

 of the woods, the Government would have the power 

 (a) to interfere and effectually control the game, {/>) to 

 charge wanton damage against the landlord's account 

 and share of eventual profits. 



(5) That parallel columns, profit and loss account, should be 



kept for the expenditure by State and landlord; that credit 

 should be given for any money spent by either party 

 and for the interest due thereon. That at the first 

 felling a balance should be struck and profits divided 

 pro rata, according to the aggregate disbursements 

 made. 



(6) That at any period the landlord should have the power 



to buy out the State — {a) By repayment of the capital 

 sum expended and interest due ; {b) By repayment of 

 an additional bonus at the time of final felling, this 

 bonus to be a percentage on the " present value " of the 

 State's prospective profit, calculated at the time the 

 sale was concluded. ^ 



(7) Should the landlord exercise his option of purchase he 



should be bound under a penalty (subject to certain 

 reservations) to replant and maintain as woodlands, 

 under proper silvicultural conditions, all land on which 

 public money had been expended. 

 The modus operandi would be as follows: — A scheme for 

 State-aided Forestry would be laid before the Central Board, 



' As the option of buying out the .State Hes with the landowner, it is 

 necessary to exact a honus in cases of repurchase, in order to cover any losses 

 to the State which might occur in plantation failures, when the optional 

 powers would oljviously not be exercised. 



