RENTALS: COPPICE WITH STANDARDS 259 



Hence, the rental for land only, 



=1, 193. 3<L-;i, 43. 



= 155. 3d. per acre per annum 



land rental on the 4 per cent, tables. 



On the 3^ per cent, tables, the rental yielded for the land, 

 only, would be i, os. 5d. per annum. 



So, again, with reference to the crop of Larch and Ash 

 standards grown over coppice, cut on a 2 5 -year rotation 

 (for details, see Chapter XL), the rental may be arrived at as 

 follows : 



Receipts every 25th year : 



426 cub. ft. of Larch ...... 21 6 o 



264 cub. it. of Ash ...... 19 16 o 



By sale of young standards . . . . 480 



10 o 

 Underwood (chiefly Ash) cut for sale . . 10 10 o 



56 o o 



Expenditure : 



Annual outgoings, is. per acre per annum for 



25 years, equals (say) on 4 per cent, tables ^220 

 Expenses at end of rotation . . . . 380 



10 o 



Hence, the net credit sum at the end of the 



rotation 



Less 5 10 o 



Therefore, the net credit sum = ^50 10 o 



On the 4 per cent, tables this equals a yearly payment of 

 i, 43. 3d. per acre. 



But, the capital left in the land, at the end of each 

 rotation, equals : 



Value of standards ^15 5 o 



Live stools and newly-planted trees . . . 3150 



Total . ^19 o o 

 Now, 4 per cent, on 19 equals 153. $d. 



