200 FORESTRY IN NEWFOUNDLAND. 



which comes to about 1 cent per 4-65 cubic feet ; in other words, 

 the Company pays about a halfpenny for every cubic foot of 

 timber taken out of the forest. If the whole of the cut is used as 

 pulp-wood, the Company pays to the State no royalty and only 

 6,600 dollars rent, so that it would pay 1 penny for every 12 cubic 

 feet of timber, quarter-girth measurement, taken out of the forest.* 

 In case the Company should pay, under its Charter, at rates 

 difEering from the rates paid by other licensees, the above figures 

 would require modifications accordingly. 



5. Exports and Imports. 



The above-mentioned Forestry Commission give the following 

 data for 1909—1912 :— 



Annual Export of Timber . . 306,440 cubic feet. 

 Annual Import of Timber . . 136,040 ,, 



While the export of timber had considerably decreased before the 

 war, the export of paper and pulp had rapidly increased. 



6. Summary and Outlook. 



It is not possible, with the information at present available, to 

 prepare a proper balance-sheet of increment, utilization, consump- 

 tion, export and import. Only a very rough estimate can be 

 made, somewhat on the following lines : — 



Mr. Horwood, in his report, estimates the average contents per 



acre of wooded land at 10 cords of pulp wood and 1,000 superficial 



feet of lumber, which together represent about 800 cubic feet 



solid of quarter-girth measurement. If the forests are worked 



like those of the Anglo-Newfoundland Development Company, 



that is to say, at the rate of 8 cubic feet per acre all round, the 



* The same rate applied to coal would give to the proprietor of the mine 

 about 4 pence royalty per ton of coal raised. 



