PROFITABLY DISPOSING OF HOME-GROWN TIMBER. 157 



Many facts drawn from experience and observation could be 

 given in support of the foregoing statements, but the following 

 summary will serve to indicate the writer's general conclusions : — 



1. It is most profitable to dispose of wood when it is of a size and 

 in a state to command the best price. 



2. "Whatever mode of sale is adopted, the wood shoidd be sold in 

 such quantities and at such periods as will insure good competition. 



3. Where an annual income is derived from wood, the periods of 

 sale shoidd be yearly or half-yearly, that purchasers may make 

 arrangements accordingly. 



4. It is more profitable to dispose of wood by a clean cut than by 

 thinning or selecting mature trees ; but the amenity of the property 

 having to be considered, often militates against this mode of pro- 

 cedure. 



5. When timber is to be manufactured on the ground, it can be 

 most profitably disposed of in large lots, provided they are not 

 spread over too wide an area. 



6. Detached lots should be tendered for separately. 



7. When practicable the wood should be sold standing; and, 

 except in the case of thinnings, the work of cutting, &c, in con- 

 nection therewith done by the purchaser. 



8. As much of the work as possible should be done by contract. 



9. Good roads are a great advantage, and add considerably to the 

 value of wood. 



10. "Water power, where available, shoidd be taken advantage of, 

 and handed over to or shared with the purchaser, especially if the 

 wood is to be floated or manufactured before removal. 



11. Sale by tender, public or private, is the mode most applicable 

 under various circumstances for profitably disposing of home-grown 

 timber. 



12. Sale by public auction in small lots is the most profitable 

 mode of disposing of mixed timber suitable for country purposes, or 

 within easy reach of manufacturing centres. 



13. At sales by public auction the lots shoidd be arranged and 

 classed to suit the purchasers. 



11. Sale by private bargain, save in exceptional and special cir- 

 cumstances, such as those indicated, is not adapted for the profitable 

 disposal of home-grown timber. 



15. Timber can seldom be profitably manufactured for sale by the 

 producer, except where great natural facilities exist. 



16. The mode of payment should be such as to encourage the 



