INDEX 303 



ARTICLE PAGE 



Perpetual rentals, explanation of meaning 86 64 



present, expectation or capital value of 86 62 



Personal factors in determination of agricultural soil 230 227 



Personality, influence of, upon rate of interest 44 26 



Philosophy of accounts, by Charles E. Sprague 73 52 



Physical risks, definition of 198 197 



fire 200 209 



fungous diseases 203 211 



insects 202 211 



wind 201 210 



separation of timber from soil 133 122 



Pine needles, inflammability 200 210 



Potential income 73 48 



Present condition of forest, effect upon methods of taxation 158 147 



value of future sums 77 54 



perpetual rentals . . 86 62 



temporary annual rentals 81 58 



intermittent rentals 83 60 



Price basis in appraisals 172 170 



changes in forest products 188 197 



general price changes affecting stumpage values 187 197 



levels, changes in prices of forest products 188 197 



Prices, definition 3 2 



for grades of lumber, as basis of stumpage appraisals 172 171 



future, and values, uncertainty of 63 41 



of finished products 8 4 



raw materials and natural resources 9 5 



stumpage 169 167 



factors determining 170 167 



Principles underlying appraisal of damages 133 120 



Private measures for control of fire risks 211 214 



versus public forestry, profits in 130 115 



Problem of the balance sheet 73 46 



interest, the 36 20 



in forest taxation 167 146 



taxation for timber lands 166 145 



Products, improvement in quality of 184 196 



tax 162 152 



Profit and loss account, form for 73 50 



in forestry 131 118 



accounts 21 12 



enterpriser's 39 23 



in lumbering, investment basis of 178 184 



Profits as a per cent of logging and milling costs 177 182 



margin between sale value of lumber, and costs 177 184 



sale value of lumber 177 183 



annual 40 23 



anticipated, on young timber 124 106 



