PAST RECEIPTS AND EXPENSES. 279 



possible, also be given separately for final and inter- 

 mediate cuttings. 



2. Minor Produce. 



Under this heading should be given the quantity of each 

 article of minor produce which has been removed and the 

 cash receipts obtained for it. 



Receipts derived from areas not used for the production of 

 wood, such as fields, meadows, &c., should be separately 

 recorded. 



3. Expenses. 



These should be recorded separately for : 



(a) Cost of administration and protection. 



(b) Taxes, rates, &c. 



(c) Formation of woods. 



(d) Tending and amelioration. 



(e) Maintenance of boundaries. 



(/) Construction of roads, drainage, irrigation, and other 



works. 

 (g) Cost of harvesting, separated according to major and 



minor produce. 



4. Generally. 



For forests worked on financial lines the receipts and ex- 

 penses should be so arranged that it is possible to ascertain: 



(a) The current forest per cent, of each wood whenever 



desirable. 



(b) The forest rental, being the difference between all 



receipts and expenses. It is used to determine the 

 per centage which the forest capital has yielded. 



(c) The capital value of the forest, being the sum of the 



value of the soil plus value of the growing stock. 

 For the preparation of working plans based upon 

 financial principles, these values may be ascertained 

 as follows : the data of receipts and costs collected 



