FINANCIAL ASPECTS OF AFFORESTATION 233 



TABLE VI 



Showing the Capital Cost of establishing Forest 



Blocks on a Working Basis 



S2)ecimen Block I 

 Area of 500 acres of first-class planting land. Crops consisting of 



larch, Douglas fir, Weymouth pine, ash, Spanish chestnut, 



etc., worked on average rotations of 60 years. 

 Purchase of 500 acres at £6 per acre, . £3000 



Amounting at end of 60 years at 3 per 



cent, compound interest, . . £17,600 



Preliminary expenses at £1 per acre, . 500 



Amounting at end of 60 years at 3 per 



• cent, compound interest, . . 2,900 



Planting, clearing, etc., 500 acres at £8 



per acre, .... 4000 



Amounting, if 8 acres are planted annually 



for period of 60 years, to . . 9,700 



Capital cost value, £30,200 



= £60 per acre. 



Specimen Block II 

 Area of 750 acres of second-class planting land. Crops consisting 



of larch, pines, spruce, silver fir, beech, etc., worked on average 



rotations of 70 years. 

 Purchase of 750 acres at £4 per acre, . £3000 



Amounting at end of 70 years at 3 per 



cent, compound interest . . £23,700 



Preliminary expenses at £1 per acre, . 750 



Amounting at end of 70 years at 3 per cent., 5,900 



Planting, clearing, etc., 750 acres at £6 per 



acre, . .... 4500 



Amounting, if 10 acres are planted annually 



for period of 70 years, to . . 12,600 



Capital cost value, £42,200 



=£56 per acre. 



