( 103A ) 



This reduces the total capital value of 20 acres at the end of 1st coppice 

 rotation to 



(a) Rs. 1,673 or (b) Rs. 1,723. 



B. On the 2nd rotation of 20 years. 



I. Annual expenditure 



Rs. 



(1) Special expenditure on 1 acre ... ... 10 



(2) Upkeep charges on 20 acres ... ... 60 



(3) Payments to landowner, 20 acres... ... 10 



Total ... 80 



II. Annual revenue 



(a) or (b) 



(1) Final coppice felling on 1 acre per annum ... 100 50 



(2) Thinnings on 3 acres per annum ... ... 24 24 



(3) Grass, 6 '4 annas per acre on 20 acres ... 8 8 



(4) Grazing, 4 annas per acre on 16 acres ... 4 4 

 Total annual gross revenue ... Rs. 136 (a) or Rs. 86 (6). 

 Nett annual revenue, (a) Rs. 56 or (b) Rs. 6. 



(NOTE. So far we have dealt ouly with babul coppice, grass and grazing, 

 and if the plantations were simple babul and grass the financial expectations 

 would be poor, i.e., after paying the minimum of 8 annas per acre per annum 

 to the landowner, Government would get 



(a) In the more favourably situated localities, 



where 20-year old babul are worth Re. 1 

 each, an annual return of Rs. 56 on a 

 capital of ... ... ...Rs. 1,673=3*3 per cent. 



(b) In the less favourably situated localities 



where 20-year babul are worth 8 annas 

 each, an annual return of tls. 6 on a 

 capital of ... ... ...Rs. 1,723=0'35 per cent. 



We will now go on to consider the effect of the standards of timber 

 trees on the financial aspect. 



Rs. 



At the end of the 2nd rotation (i.e., in the 40th year) we 

 get the 1st standard timber felling, or 15 trees at Rs. 20 each... =300 

 Thus the total capital value of 20 acres at the end of the 40th year 

 becomes 



(a) (Rs. 1,673x2' 1911) Rs. 56 per annum plus com- 



pound interest) 300 



=+Rs. 3,665 -7 -1,667 '5 300 



= Rs. 1,698. 



(b) (Rs. 1,723 X 2- 1911) -Rs. 6 per annum X com- 



pound interest) Rs. 300 

 =+Rs. 3,775177300 

 == Rs. 3,298. 



0. On the 3rd rotation of 20 years. 



