m - (out of 4 qualities). 



THE YIELD PER ACRE OP BEECH 



26 



* 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. 



Note. The difference between a rental of minus 8s. 4d. and one of minus 4s. 6d. on a 120-year rotation represents, t Sj per cent, interest, an additional loss of 102 per acre. 

 The total loss of 4s. 6d. Is equal to a capital loss of 893 per acre. 



