SOIL AND ) 

 SITUATION j 



QUALITY II. 



OAK 



[Continued. 



* This sum represents the average nett income per acre which will be earned upon- the average 

 accumulated capital when once the forest is in proper working rotation, i.e., when it is normally stocked 

 '5'Sofall a_'f:s from one year old up to maturity. The cost of replanting is estimated at 5 per 

 acre, and it is assumed that the land is allowed to lie fallow for one year. 

 37 



Diagrams 



showing 



proportion of 



Thinnings of 



Final Crop. 



On a 

 110-year 



rotation. 



IN VOLUME. 

 (To 3 inches diameter.) 



IN VALUE. 



On a 

 130-year 



rotation. 



The most profitable rotation 



(according to the yields and prices indicated) 



Is one of 1OO_to 11O years, if interest is reckoned at 3i per cent. 



per cent. 



7O 



at 4 



Prices of Timber (standing). 



J These prices are equivalent to the following scale of prices : 



Timber 12 in. q.g. and over at Is. 9d. per cub. foot. 



6 in. q.g. and under 12 in. at lOd. per cub. foot. 

 ,, below 6 in. q.g. at 3d. per cub. foot. 



It is presumed that the trees are felled in winter, and no allowance has been 

 made for the sale of bark. 



Note The difference between a rental of minus 2s. and one of minus 2s. 5d. on a 



131-year rotation represents, at 8J per cent, interest, an additional loss of 51 per acre. 

 The total loss of 2s. 5d. is equal to a capital loss of 297 per acre. 



