THE LIBRARY. 109 



Senors Don Theodora Elias Huard, and Don Julio 

 Touchard, there were liberally assigned for this on the plan 

 still practised, the great number of 118,000 pines, of which 

 94,000 are now in course of being exploited, and the rest 

 are to be disposed of by auction. 



' Not only has a beginning thus been made, but we find 

 there is being utilised in this way 8 per cent, of the pro- 

 duce of the forests ; and that thus has been promoted the 

 better conservation of those which enjoy the constant 

 watchful care of the guards in charge of the erections for the 

 manufacture of the resin. 



' Assuming then, as a starting point, that there is obtained 

 from each pine 3 kilogrammes of rough turpentine, which 

 we do not consider to be at all an extravagant assump- 

 tion, the annual product from the 94,000 trees mentioned 

 will amount to 282 metrical tons ; and a greater quantity 

 than this might be procured, in as much as the possible 

 yield of the forest would admit of this, if all the measures 

 favourable to this new-born industry were taken ; but as 

 up to this time it has not been possible to get any 

 extraneous impulse towards its development, we fear that 

 the produce of the raw material will, on the contrary, be 

 found gradually decreasing. This supposition is based on 

 data, which in the sequel will be adduced, taken from the 

 manufactory, of which the nephew of Don Julio Touchard 

 has charge, which is distinguished alike for the skilful 

 devotion under which it is conducted, and for the exacti- 

 tude of its management and accounts, 



' Rate of cost of manufacture of 500 kilogrammes of resin 

 in the manufactory in Valladolid : 



Pesetas* Cent. 

 Hire of Pine Trees, 



Labour of Collecting Raw Material, - - 6 41 



Packages and Packing, - - 54 



Transport to Manufactory, - - 1 85 



Sundry Incidental Expenses, 58 



Total per 100 Kilogrammes, - 13 12 



* The Peseta, as has already been stated, is equal in value to a franc, and like it is 

 divided into centimes, 



