APPENDIX 249 



INDEX ART. 

 LETTER 



STUMPAGE VALUES 



Stumpage appraisal on basis of manufactured lumber; 

 profits, a per cent of operating costs. 



Y m =S-(LC+MC + D)-q%(LC + MC+D} R 177 

 Y m = S -{MC+MD+LC+LD} -r%(MC+MD) 



-q%(LC + LD) ......... R! 177 



Stumpage appraisal on basis of manufactured lumber; 

 profits, a per cent of sale value. 



Y m = ^^ -(LC + MC + D) ..... R 2 177 



Stumpage appraisal on basis of manufactured lumber; 

 profits, a per cent of margin between operating costs 

 and sale value. 



...... a 177 



Stumpage appraisal on basis of manufactured lumber; 

 reduction to log scale. 



F= F.(i.os) ............ R4 179 



TABLE VI 

 COMPOUND INTEREST TABLES 



The period, n years, in left-hand column. 



Column I, Formula I. Future value of $i at end of n years. 



Column II, Formula II. Present, expectation or capital value of $i due in n 



years. 

 Column III, Formula III. Future value at end of n years of an annual rental 



of $i payable n times. 

 Column IV, Formula IV. Present, expectation or capital value of an annual 



rental of $i payable n times. 



