I QUALITY IV. (out of 4 qualities). 



THE YIELD PER ACRE OP BEECH 



H 



* Only timber exceeding 8 inches in diameter under bark has been includi-l. 



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 4s. Od. and one of minus 5s. Id. on a 120-year rotation represents, at Si per cent, interest, an additional loss of 51 per acre. 

 The total loss of is. Id. is equal to a capital loss of 443 per acre. 



