APPLICATION OF TABLES 



11 



many landowners and corporations have been very 

 much misled by such evidence, and it is impossible to 

 too strongly condemn any attempt to state only one 

 half of the case. 



For instance, a landowner might be told that by 

 expending an outlay of 15 per acre, such sum to 

 include the purchase of the land and also the cost of 

 planting, he might, in all probability, obtain an average 

 annual income of 2 per acre when once the area was 

 in proper working rotation. 



Xow, although the above anticipations are perhaps 

 quite likely to be realised in certain cases, yet it seems 

 most unfair in fact, almost dishonest to put forward 

 such advice without at the same time stating that by 

 the time that the area is in proper working rotation, 

 the average debt per acre will in all probability amount 

 to 100, or even 150. 



There can be no doubt that hitherto landowners 

 have never realised the enormous debt per acre which 

 their woodland areas represent. For instance, 4000 

 acres of woodland may well represent an accumulated 

 capital of half a million pounds ; and yet how seldom is 

 it thought necessary to pay any attention whatever to 

 any course of action indicated by considerations of 

 finance based upon actuarial calculations. 



There is undoubtedly a disposition to regard such 

 considerations as "being all theory," whereas, in reality, 

 these actuarial calculations are just as imperative in 

 reference to forestry if the best practice is to be 

 carried out as they are imperative in determining the 

 correct policy to be pursued by any assurance corpora- 

 tion. Any disregard of these matters must in both 

 cases lead to disaster. 



Application of the Tables. When using these 

 tables in practice, regard must be had to the fact that 

 in cases where the soil and situation are of the same 

 quality, it will often be found that the number of trees 

 per acre standing at any given age varies considerably 

 with the number specified in the table. Now, if the 

 number is smaller, the trees will have a larger average 

 quarter girth, and in some cases the average height 

 growth will be less, especially if the trees were too far 

 apart when young and crown development was 

 encouraged at an early age. And, on the other hand, 

 if there is a greater number of trees per acre than that 

 which is shown in the table, the average quarter girth 

 will be less. 



Now, it is most important to obtain large "girthed " 

 trees in as short a space of time as is possible, if the 



