REGISTERING THE YIELD. 297 



has acquired regarding local demands. The sale-price which 

 the produce will realise often depends greatly on the fact that 

 a proper valuation of it has been made before the sale by the 

 forest-manager. 



In order to arrive at such a result, he must be acquainted 

 thoroughly with the actual state of the market, and with the 

 technical qualities and defects of his wood, and the purposes 

 for which it is likely to be employed. 



The manager should bestow the greater care on the classi- 

 fication of his produce, the more valuable it is, and when full- 

 sized logs of good timber are included, a rough estimate of 

 their value will not suffice. In such cases, the entire log 

 should be valued in length sections in accordance with the 

 uses to which it may be put. As each piece or lot is valued, 

 it should be stampod with the range-hammer, generally close 

 to the number it already bears. This denotes that the wood 

 has been entered in the range receipt-book and is useful in the 

 control of the transport or in possible cases of peculation. 



SECTION X. CONCLUDING THE BUSINESS OF FELLING AND 

 CONVERSION. 



As soon as the range receipt-book has been written-up, the 

 produce of the felling must be tabulated to show its value, then 

 the depot should be inspected, the workmen paid, and thus 

 the whole business concluded. 



1. Ih'f/istrij <>!' tlic AmtHUif au<l Value of (lie Vlcld frmn 

 llif 7-W/ /////. 



The results of the felling, as shown in serial numbers in 

 the range receipt-books, must be entered in the felling- 

 register, which summarises the total amount of produce of 

 each class of material and its value. The prices of the units 

 of each class of produce should be average local prices, and 

 generally are kept up to date separately for each range and 

 sometimes termed timber-royalties (7/o/,:7rt,/v//). 



At tho same time, the produce may be marked for sale in 

 lots which as already stated should be larger or smaller, 

 according to the circumstances of the market (F'/W/-, p. 242). 



