514 



APPENDIX 



per year, worth $12 per acre. The total annual revenue from timber is 406,730 francs 

 ($84,500) and the soil and growing stock are estimated to be worth 20 million francs 

 ($3,860,000). Deducting 50 cents an acre for taxes and administration, this gives a 

 net of $81,235 or about 2 per cent on the invested capital (see p. 322). A comparison 

 of the normal (empirical) number of trees and stand per hectare with the actual stock 

 is given in the graph which follows: 



0.30 0.35 0.40 0.45 0.50 0.55 0.60 0.65 0.70 Oi75 0,80 0,85 0,90 0.95 1.00 1.05 1.10 1.15 1.20i3 



D.B.H. in Centimeters 



0.80 0.25 0.30 0.35 0.40 0.45 0.50 0.55 0.60 0.65 0.70 0.75 0.80 0.85 0.90 0.95 1.00 1.05 1.10 1.15 1.20 1.25 



D.B.H. in Centimeters 



