THE FINANCIAL ROTATION. 



203 



ONE ACRE OF SCOTCH PINE WOOD. 



= 250 shilling*. 



with English prices ; brushwood, under 3 inches diameter, omitted.) 



at page 122.) 



b. Notes on the Financial Rotation. 



Owing to the uncertainty of the data upon which the calcu- 

 lation is based, the financial rotation can only be determined 

 approximately, moreover it changes with every change of 

 conditions. Under these circumstances it can only serve as 

 a general guide. 



Of the several items which appear in the formula for the 

 soil rental, the rate of interest is the most important. A low 

 rate gives a high financial rotation, and vice versa. An altera- 

 tion of 1 per cent, in the general per cent, p may cause the 

 financial rotation to rise or fall by 10 to 20 years. 



As has been explained on a previous occasion (page 118), 

 the general per cent, applicable to forest finance may for 



