20 C. A. SCHENCK. 



comprising approximately four thousand acres. The investment 

 per acre amounts to approximately 235 dollars. The net returns 

 per acre approximate 6 dollars and 18 cents. 



It appears that the rate of revenue obtained from these famous 

 forests famous for their financial efficiency amounts to 2.63 

 per cent only (net cash surplus dividend). It also appears, on 

 the other hand, by the testimony of records which have been 

 kept in Saxony for almost a hundred years, that the forests have 

 risen in value at an average rate of 2 per cent per annum. 



I 



