CHAPTER I 



PLANTING 



ECONOMY in planting is essential if plantations 

 are expected to produce a profit. In the long 

 interval between the planting of the young 

 trees and the sale of the mature trees the planter 

 loses his money and the interest which that 

 money would have produced; therefore, in the 

 accounts which show the financial results of 

 the plantation, compound interest must be 

 charged. In accounts taken at compound in- 

 terest over long periods items at the commence- 

 ment of the account accumulate to a very large 

 extent. It is clear that unless the total amount 

 on the debit side of the account is to exceed 

 any sum which is likely to be produced by the 

 sale of the mature trees, the initial cost, that is, 

 the cost of planting, must be kept to the lowest 

 possible figure. 



It may be objected to the plea for great 

 economy in planting that the long interval 

 between the planting and the final sale makes 



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