234 THE DEVELOPMEJ^T OF BRITISH FORESTRY 



Specimen Block III 



Arai of 1000 acres of third-class planting land. Crops consisting of 

 larch and spruce, and worked on average rotations of 50 

 years. 



Purchase of 1000 acres at £2 per acre, . £2000 

 Amounting at end of 50 years at 3 per cent. 



compound interest, . . . £8,700 



Preliminary expenses at £1 per acre, . 1000 



Amounting at end of 50 years at 3 per cent., 4,300 



Planting, clearing, etc., at £4 per acre, . 4000 

 Amounting, if 20 acres are planted annually 



for period of 50 years, to . . 8,300 



Capital cost value, £21,300 



= £21 per acre. 



TABLE VII 



Profit and Loss Account on Specimen Blocks, after 

 allowing 3 per cent. interest on capital cost values 



Block I 



Annual yield from final fellings on 8 acres 



at 3600 feet per acre = 28,800 feet 



at 9d., .... £1080 

 Less 3 per cent, interest on £30,200, . 906 



Balance, £174= 6s. lid. p. ac. 



Block II 



Annual yield from final fellings on 10 

 acres at 3500 feet per acre = 35,000 

 feet at 6d., . . . £875 



Less 3 per cent, interest on £42,200, . 1266 



Loss, £391 = 10s. 5d. IX ac. 



