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FOREST VALUATION. 



FOREST Valuation deals with the determination of the value 

 of forest soil, the growing stock, the forest as a whole, and 

 the rental derivable from the soil, growing stock, or forest. 



These values must be determined in all cases of sale, or for 

 the purpose of assessing forest property, or where it is pro- 

 posed to divide a property. Soil and growing stock also form 

 the capital invested in forestry, and their value must be as- 

 certained for the purpose of gauging the financial success of 

 the forest industry. The latter subject is generally dealt with 

 in a separate part called, by continental foresters, " Forest 

 Statics." In the present instance it is proposed to compress 

 that part into one chapter and to add it to "Forest Valuation.' 



In order to deal with the matter here contemplated, it is 

 necessary to explain the various methods according to which 

 the value of property may be ascertained, to determine the rate 

 of interest applicable to the forest industry, to give certain 

 formulEe for calculating with compound interest, and to explain 

 the methods of estimating receipts and expenses. All these 

 matters will be dealt with in a preliminary chapter, and the 

 subjects here under consideration will be arranged as follows : 



Chapter I. PRELIMINARY MATTERS. 



,, II. VALUATION OF FOREST SOIL. 



,, III. ,, THE GROWING-STOCK. 



,, IV. ,, WHOLE WOODS OR FORESTS. 



,, V. ,, THE RENTAL. 



,, VI. METHODS OF CALCULATING THE FINANCIAL 

 RESULTS OF THE FOREST INDUSTRY AND OF 

 DETERMINING THE MOST PROFITABLE TREAT- 

 MENT OF FORESTS. 



