190 



THINNING. 



The above statement represents the crop and the 

 market value nearly, standing, and is about what it 

 was worth at the above date, if cut. 



The various classes of trees are by no means regu- 

 larly distributed over the ground ; they are found 

 closer in one part than in others, but average the 

 above very nearly. 



Ground similar to this plantation is letting for 

 grazing purposes at from 15s. to 20s. per acre: the 

 plantation, however, not being at a growth at which 

 it can properly be valued as a marketable subject, no 

 reliable statement can now be given to show the profit 

 or loss of it. 



The next statement shows the value per acre of the 

 plantation, if, instead of being mixed as above, it were 

 of one class of trees only, allowing them to stand at 

 the same distance apart as they now do, but might 

 easily have stood at half the distance if grouped. 



The above statement, though showing the actual 

 value per acre each class of trees would be, yet does 

 not by any means show the value they might have 

 been if the trees had been grown separately, or 

 grouped ; for while the larch and spruce, as individual 

 trees, would not have attained quite the above value, 



