AMERICAN FORESTRY 565 



INTERNATIONAL PAPER COMPANY 



Holds in Fee and by Lease, in New York, New England 

 and Canada, nearly 



4,500,000 ACRES OF WOODLANDS 



At an average of only 5 cords to the acre, this represents a stand 

 of approximately 22,500,000 cords of pulpwood. 



If the Canadian forests, held by leases which convey all rights 

 of property to the timber, could now be regulated and scientifically 

 protected and operated as are the Company's forests in the United 

 States, there is ample authority for an annual increment of at least 

 4%, which would yield 



900,000 CORDS A YEAR 



As the Company's pulpwood requirements are about 700,000 

 cords a year, this would mean a perpetual supply of raw material, 

 with no impairment of the forest asset. 



The ideal forest situation provides annual growth equal to the 

 annual requirements. 



Forest Conservation and Forestation will procure this ideal con- 

 dition in time and the movement is under way. 



INTERNATIONAL PAPER COMPANY 



30 BROAD STREET - - NEW YORK CITY 



