SALE BY TENDER. 97 



timber tends to a low estimate; but, nevertheless, 

 when properly understood and carefully executed, we 

 believe a really sound valuation may be made which 

 will favour neither the buyer nor the seller. Although 

 this system of selling standing timber is often 

 adopted, we do not for one moment specially advocate 

 it ; but we fully recognise the fact that it is often very 

 convenient. Very old oaks, for instance, sold stand- 

 ing, will, we believe, favour the seller as a rule, as 

 they are often very faulty indeed, the defects being 

 most difficult and often impossible to detect when 

 standing. In extensive dealing, nevertheless, with 

 these old trees we certainly prefer, in our practice, 

 felling before selling. 



There is, as a rule, less precision in carrying out 

 private sales, which in itself detracts somewhat from 

 the method. 



Another form of private sale is Sale by Tender. 

 This is a kind of middle course, and by no means a 

 bad one under certain circumstances. The agent or 

 forester having made himself fully acquainted with 

 the timber, the quantity and value, the locality, and 

 so on, will proceed to advertise it in the trade journals 

 for sale by tender ; but will take care to make it 

 clear that he does not bind himself to accept the 

 highest or any tender. This advertisement, which 

 should be explicit enough to elicit replies, should state 

 that full particulars will be forwarded on application, 

 and that the lots can be viewed by applying to certain 

 individuals specified. 



It is needless to write more fully on such a simple 

 process as this ; all that is required is to mark and lot 



G 



