228 AVERAGE YIELDS FROM FOREST LAND 



difference in the value of the gross receipts for the " made 

 up" produce and the working expenses, after deducting a 

 fair profit for the underwood buyer. 



Thus, to take an example : 



Some coppice under standards is for sale. It is 3 miles 

 from an agricultural town. There is no market for hop 

 poles or crate wood or hoops. It is 1 1 years old. 



What price will an underwood buyer give for it ? 



The Gross Receipts from the sale of the produce when 

 made up are estimated to be : 



i ioo faggots, at 8s. per 100 . . . .^480 

 30 bundles pea-sticks (25 in a bundle), at 3d. 



per bundle ....... 076 



24 bundles bean-sticks (25 in a bundle), at 4^d. 



per bundle . . . . . . . 090 



35 bundles Thatcher's rods for "spicks" and 



"ledgers" (50 in a bundle), at 3d. per bundle 089 

 16 bundles "glatting" rods for fences (25 in a 



bundle), at lod. per bundle . . . . o 13 4 

 2000 fencing stakes, at 35. 9d. per ioo . . 3150 

 4 cords of firewood (8 x 4 x 4), at 95. per cord . i 16 o 



The Expenses : 



Cutting underwood ...... ^o 10 o 



Tying up i ioo faggots at 45. 6d.* per ioo. . 296 

 Cutting-out and tying (including withies) : 



30 bundles pea-sticks, at id. per bundle . 026 



24 bean-sticks, at lid. per bundle . 030 



35 Thatcher's rods, at i^d. per bundle 038 



1 6 " glatting " rods, at 2d. per bundle 028 



2000 fencing stakes, at 8d. per ioo . . 0134 



Cording 4 cords of firewood, at 33. 6d. per cord 0140 



4 18 8 

 Plus a sum for buyers' profit, risk, bad debts, 



etc. . ..... 4 10 o 



Therefore, saleable value of coppice 



or (say) 2, IPS. 



* This includes withies. 



