THE FINANCIAL ROTATION. 



197 



One Acre of Scotch Pixe Wood. 

 from the Table at page 120. 



h. Noh^ on ilio F'mancUtl PiOiafioiK 



Owing to the uncertainty of the data, upon which the calcu- 

 lation is hased, the financial rotation can only he determined 

 approximately ; moreover, it changes with every change of 

 conditions. Under these circumstances, it can only serve as a 

 general guide. 



Of the several items, which appear in the formula for the 

 soil rental, the rate of interest is the most important. A low 

 rate gives a high financial rotation, and vice versa. x\n altera- 

 tion of 1 per cent, in the general per cent, p may cause the 

 financial rotation to rise or fall hy 10 to '20 years. 



As has l)een explained on a previous occasion, the general 

 per cent, applicable to forest finance may, for Britain, at 

 present be placed at 2| per cent. 



