APPENDIX XIII. 



Note on the financial expectations of afforestation. 



As one of the principal points to be considered in dealing with 

 the revision of the landowners' agreements at Etawatr will be the 

 financial prospects of afforestation, it would be well to calculate, 

 as well as the limited data at present available will allow, what the 

 financial expectations will be. 



Areas may be divided into three categories : 



(1) Areas which will certainly pay handsomely. These include 

 all areas near large towns, i.e., Fisher Forest, the Allenbagh, the 

 Improvement Trust areas at Cawnpore and Lucknow, and the area 

 tentatively suggested near Agra. Also areas with easy rail com- 

 munications to large markets, e.g., Kalpi. It must be noted that 

 all these areas will have a very fair annual revenue from fuel and 

 grass, more than sufficient to pay all interest charges, and this is 

 of considerable financial importance. 



(2) Areas which will certainly not pay if considered as a purely 

 financial proposition. These include areas on the Kuari (Bindwa- 

 khurd, Bindwakalan, etc.)i a river which is dry for most of the year 

 and practically useless for floating. Land carriage from these areas 

 would be prohibitive. 



(3) Areas where the financial expectations require to be more 

 closely examined, and in this category are included the majority 

 of the Etawah ravine areas, i.e ^ all plantations along the Jumna, 

 Chambal ravines, from which either road transport or river trans- 

 port is feasible to railways. 



The following calculations are based on the following data : - 



I. Expenditure 



Ks. a. p. 



(1) The initial capital cost of creation of plantations 



(based on actuals) ... ... 40 per acre. 



(2) Annual recurring charges of upkeep (including 



all establishment, etc.) ... ... 300 ,, 



(3) Annual minimum payment to landowner ... 080 



(4) At the end of every 20th year, a special expendi- 



ture in sowing and planting, filling up 

 blanks, etc., of ... ... 10 



II. Revenue. Before calculating this, a brief explanation of 

 the system of management must first be given. The system will be 

 essentially babul coppice (on a 20-year rotation) with a sprinkling 



