258 FINANCIAL ASPECT OF AFFORESTATION 



rotation, where the soil and situation are Quality I. (for details 

 see Chapter XI.) the rental may be arrived at in the following 

 manner : 



Receipts at the end of each rotation : 



200 cub. ft. of Oak * ...... 16 14 o 



473 cub. ft. of Larch * . . . . .2340 



255 cub. ft. of Ash* ...... 18 4 o 



= ( sa y) 



Underwood (mixed underwood) cut for sale . 500 



o o 



* The cost of felling the timber is balanced by the sale of the cordwood, etc., 

 below 6 inches quarter girth. 



Expenditure : 



Annual outgoings,* is. per acre per annum on 

 the 4 per cent, tables (this includes all 

 expenses not otherwise accounted for) . i 10 o 



Expenses at the end of the rotation t . . 300 



Total . . 4 10 o 

 * Over and above a sum of 2s. 3d. received for sporting. f Vide Chapter X. 



Hence, the net credit sum, at the end of the 



rotation = ,63 o o 



Less . 4 10 o 



Therefore, the net credit sum * = ^58 10 o 



* The capital left in the land is presumed to be the same at the end of each 

 rotation. 



Now, on the 4 per cent, tables, this equals a yearly pay- 

 ment of i, 193. 3d. 



But, part of this represents interest on the capital left in 

 the land, at the end of each rotation. 



This capital left at the end of each rotation equals : 



In Standards (say) .26 5 o 



Add, for live stools and newly-planted trees 



(say) ' 3 15 o 



Therefore, the total capital left at the end of 



each rotation = ^30 o o 



and 4 per cent, on 30 equals i t 45. 



