INDEX 301 



ARTICLE PAGE 



Landscape gardening as basis for appraising damages 147 139 



Larch sawfly 202 211 



Legitimate profits in lumbering overturn method 177 181 



versus speculative value 67 43 



Liabilities, in balance sheet 73 46 



Liability, in risks, definition of 199 209 



Life insurance, interest rates in 53 33 



Limitation of opportunity 50 29 



Loans 14 8 



Local factors in stumpage appraisals; industries and markets 192 203 



stumpage appraisals; future supply of timber 193 204 



stumpage appraisals; future transportation facilities 191 202 



revenue, maintenance of, in forest taxation 166 161 



Logarithms, use of 78 55 



Log grades 223 222 



markets 172 1 70 



rules 216 218 



Logging, definition of 90 68 



Logging chance, definition of 213 216 



costs and profit 175 178 



effect on fire hazard 200 2 10 



Logs, price of, as basis of stumpage appraisal 172 170 



Long term contracts, revision of stumpage values in 196 207 



Loss in value of entire property, a basis of damages 138 128 



of income in damages 133 121 



Lumbering, destructive, costs of, compared with forestry 107 81 



status of investment in, resembling forest production 120 103 



versus forest production 90 68 



Maintenance of local revenue, in forest taxation 166 161 



Many-aged forests, cost of 108 83 



producing irregular income, value of 118 97 



regular income, value of 117 96 



stands, damage to 145 137 



Map, reconnaissance 214 217 



Marketing of wind-thrown timber 201 211 



Markets, local, effect on stumpage appraisals 192 203 



Massachusetts, taxation of forests in 166 161 



Mean annual forest per cent 129 1 14 



Merchantable timber, definition of 167 166 



damages to 140 131 



taxation of 166 162 



Methods of taxation, effect of present condition of forest upon 158 147 



timber estimating, field 218 219 



Mill prices, as a basis of stumpage appraisals 172 171 



Mill run prices, in stumpage appraisals 172 172 



Milling, definition of 90 68 



costs and profits 174 i?7 



