80 



PRACTICAL FORESTRY IN 



nual fire and tax charge from exceeding 20 cents, what price 

 obtainable for cut-over land today, made to earn 5 per cent 

 compound interest in some other business, is as profitable as 

 keeping the land for a second crop? If other business would 

 earn 6 per cent? 



Gross return=$6.00 

 20X-102 = 2.04 



6% 



Gross return $6.00 

 20X.142 = 2.84 



$3.96-K56=$7.07 



$3.16H-.90=?3.51 



FUTURE STUMPAGE PRICES NECESSARY TO MAKE DOUGL.AS FIR 



SECOND CROP PAY EITHER 5 OR G% COMPOUND 



INTEREST ON INVESTMENT. 



Original Investment $7.50 an Acre. Maximum Annual 

 Charge 30c an Acre. 



rying 



These tables bring out a number of very interesting primary 

 facts: 



