RENTALS: COPPICE WITH STANDARDS 259 



Hence, the rental for land only, 



= 1,195. 3d.-;i, 45. 



= 155. 3d. per acre per annum 



land rental on the 4 per cent, tables. 



On the 3^ per cent, tables, the rental yielded for the land, 

 only, would be i t os. $d. per annum. 



So, again, with reference to the crop of Larch and Ash 

 standards grown over coppice, cut on a 2 5 -year rotation 

 (for details, see Chapter XL), the rental may be arrived at as 

 follows : 



Receipts every 25th year : 



426 cub. ft. of Larch ...... 21 6 o 



264 cub. ft. of Ash ...... 19 16 o 



By sale of young standards . . . . 480 



10 

 Underwood (chiefly Ash) cut for sale . 10 10 



56 



Expenditure : 



Annual outgoings, is. per acre per annum for 



25 years, equals (say) on 4 per cent, tables ^220 

 Expenses at end of rotation . . . . 380 



$ 10 o 



Hence, the net credit sum at the end of the 



rotation = $6 



Less 5 10 o 



Therefore, the net credit sum = ^50 10 o 



On the 4 per cent, tables this equals a yearly payment of 

 i, 45. 3d. per acre. 



But, the capital left in the land, at the end of each 

 rotation, equals : 



Value of standards . . . . ;i5 5 o 

 Live stools and newly-planted trees . .' . 3 15 o 



Total . ig o o 

 Now, 4 per cent, on ig equals 153. 3d. 



