REPORT OF SPECIAL FORESTRY COMMITTEE 33 



total expenditure of approximately $700,000.00. De- 

 ducting therefrom the value of donations, $347,- 

 000.00, leaves a total investment of about $353,- 

 000.00. 



To off-set this the State owns 327,450 acres of 

 land and 637' islands donated by the National Gov- 

 ernment, and in addition, the value of all forestry 

 improvements. Certainly, the investment to date 

 has proved most satisfactory. 



Since the large purchases by the State during the 

 last few years the claim has been made that a great 

 part of the lands so acquired for forestry purposes 

 are good agricultural lands, some even placing the 

 proportion as high as seventy or eighty per cent. 

 If this be true, certainly the investment has been 

 a good one, the average price which the State has 

 paid being only $3.32 per acre. It is well known 

 that lands of agricultural worth cannot be purchased 

 in Northern Wisconsin at even double that figure, so 

 certainly the State has lost nothing on account of 

 these purchases, but must have made a good invest- 

 ment. 



