FOREST POLICIES OF FOREIGN NATIONS. 327 

 PERCENTIC DISTRIBUTION OF MAIN EXPENDITURES, 1897. 



tensively managed larger forest areas. Judging 

 from the results of the state administrations, it 

 can be assumed that Germany produces annually 

 wood values equal in amount to England's con- 

 sumption, namely, somewhat over $100,000,000, or 

 $3.00 gross and probably $1.75 net per acre, from 

 soils that are mostly not fit for any other use, and 

 which by being so used contribute to other favor- 

 able cultural conditions. 



This net income, figured at 3 per cent, would 

 make the capital value of soil and growing stock 

 nearly $60 per acre, and the value of the entire 

 forest resource of Germany 2000 million dollars. 



The revenues have apparently risen with the 

 increase of expenditures. In 1850, when Prussia 

 expended only 37 cents per acre, her net income 

 was 46 cents; in 1901 her expenditure had in- 

 creased to $1.43 and her gross revenue to $2.87, 



