TABLE OF CONTENTS xv 



CHAPTER XL 



AVERAGE YIELDS FROM FOREST LAND. 



PAOB 



Yield from High Forest ..... 215-225 



Qualities of Soil . . . . . . .215 



Oak 216 



Beech . . . . . . . .217 



Silver Fir and Norway Spruce . . . . .218 



Scots Pine and Corsican Pine . . . . .219 



Weymouth Pine ....... 220 



Ash ........ 221 



Larch ....... 222, 223 



Douglas Fir ....... 224 



Sitka Spruce, Cupressus macrocarpa. Willows and Poplars . 225 



Yield from Standards over Coppice . . . . 226 



Yield from Coppice ...... 227-230 



CHAPTER XII. 



THE FINANCIAL ASPECT OF AFFORESTATION. 



Fallacious Methods of Presenting Financial Statements . 232-234 



Initial Outlay Credited with the Income which is Receivable 



only after a Period of Years .... 232 



Correct Methods of Presenting Financial Statements . 234-263 



Statement of Income obtained on Average Accumulated 



Capital Sunk in Normally Stocked Areas . 234 



Statement of Gain in Capital after charging Compound 



Interest ....... 238 



Statement of Rate of Compound Interest . . 239 



Statement of Yearly Rental Principle . . 244 



Tables of Rentals yielded by different Crops in High Forest . 246 

 Advantages of Annual Rental Principle . . .251 



The Financial Aspect of Underplanting . . . 252-257 



The Financial Aspect of Coppice with Standards . . 257-261 



Comparison of Actual Land Rentals with the Net Returns from 



Normally Stocked Areas . . . 261-262 



Conclusion ........ 263 



