20 



MASSACHUSETTS TREE PLANTER 



ferent planting costs. Taxes were reckoned at 2%, and all 

 calculations were made with 4% compound interest. The 

 table gives the entire investment per acre, at the end of 40 

 years, which a man would incur in establishing a plantation ; 

 except that the cost of fire protection has not been included. 

 This is a factor which cannot be computed except in each in- 

 dividual case. But for the purpose of this discussion, we 

 may safely assume that it will never, at the end of 40 years, 

 have accumulated beyond a maximum of $10.00 an acre. 

 So to the total figures in Table I. should be added in each 

 case $10.00. They will then show the total investment per 

 acre in the plantation. 



After adding the fire protection cost, these figures as can 

 be seen range from $44.51 on cheap land, with a low plant- 

 ing cost, to $192.04 on land worth $20.00 an acre, and where 

 the cost of planting is $10.00. 



TABLE I. Investment per Acre at the End of Forty Tears 



