QUALITY II. (out of 4 qualities). 



THE YIELD PER ACRE OP BEECH 



- Only timber exceeding 8 inches in diameter under bark has been included. 

 t Felled thinnings have been valued at the same price per foot as the " standing " timber left after a thinning. 



Kotc. The difference between a rental of minus Is. 8d. and one of minus 8s. Id. on a 120-yfar rotation represents, at Si per cent interest, an additional loss of 123 per 

 The total loss of 8s. Id. is equal to a capital loss of 2C9 per acre. 

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