IN THE LIGHT OF AN INVESTMENT. 121 



VALUE OF PRODUCE PER ACRE. 



The thinnings at the end of 20 years, say 

 2,000 trees (larch and Scotch fir poles), 

 should be worth ,30, which will accumu- 

 late in 20 years, at 3 per cent., to ... 54 3 7 



The thinnings t the end of 30 years, say 

 another 300 trees, should be worth ^27, 

 which will accumulate in 10 years, at 3 

 per cent., to 36 5 8 



The value of the final cutting of 200 larch 



and Scotch firs, should be .30 30 o o 



9 3 



To this amount, viz. 120 gs. 3d., must be added 

 the value of the 200 deciduous trees left standing ; 

 and, on the other hand, the cost of fencing and 

 (possibly) draining must be added to the 4.6 /s. gd. t 

 the cost of production. 



These figures we cannot attempt to estimate. We 

 have, however, we think, clearly shown that wise and 

 judicious planting will pay on lands too poor for 

 cultivation in these days of low prices. 



Estimates such as the above must be general, and 

 open to criticism*; it is quite impossible to deal with 

 exact figures which will meet all classes of soils and 

 local conditions. 



A further gain, impossible to capitalise, is the 

 improvement to the soil by the accumulation of leaf 

 mould, the value of which any true forester knows 

 how to appreciate. If the remaining deciduous trees 

 are well managed, the prospective value must be very 

 great. Some may consider that we have thinned too 

 severely, and left too few standing at such an early 



