476 THE BOOK OF THE LANDED ESTATE. 



It will be observed that the entries of the sales are put down to the 

 left hand, or debtor side ; on the right hand, or contra side, the sums 

 paid are entered until the whole is paid off, which will be by a given 

 date, if there is, as there should be, an agreement to that effect ; and in 

 this way it can be seen at any time what amount is due by any of the 

 purchasers. 



It is much better, as a rule, to have cash payments for timber sold; and 

 when this is done, no wood ledger will be required : but it is sometimes 

 necessary to allow a stated time for payment of large purchases, and 

 consequently it is necessary to keep a proper account of them. 



The last statement in the ledger form, under the name of John Grant 

 of Burnside, is shown as being not paid. 



This form of private sales book is only applicable for the entry of 

 sales made by private bargain. When sales occur by public auction, it 

 is then necessary to have a separate book for entries in this case. 



We shall suppose that the thinnings from Duckindale and Tower 

 Wood, as entered in the estimate form, are to be sold by public auction. 

 When the thinnings have been cut and properly laid out in lots to suit 

 likely purchasers in the district and we will presume that the different 

 lots have been properly marked and numbered, and that the timber 

 was sold, say, on the 28th day of May in 1868 we should then make 

 the entries of this sale as shown in the following form : 



