306 METHOD OP VALUING GROWING TIMBER. 



£. s. d. 

 Five shillings a year, forborn 29 years, and im- 

 proved at 5 per cent compound interest, would 

 amount to 15 11 



But the value of the timber is more than twenty times this 

 amount. 



The trees were about two feet high, and planted at two 

 yards distance, in holes dug with the spade, 1210 on an 

 acre. Labour of making the holes and planting the trees 

 cost U. 6s. lO^d. per acre. 



About 2700 were planted on an acre in the other planta- 

 tions, where the ground was wholly broken up. 

 Thinnings pay In the remarks on these three plantations, no notice is 

 expenses. taken of the thinnings. I am informed by gentlemen who 



hare kept accounts of thinnings, that these have repaid the 

 rent of the land, and every expense, with compound inte- 

 rest, some time before the woods were thirty years old ; 

 and the preceding calculations show, that it may be so. 

 And if so, the present value of these plantations is all clear 

 gain. 



The valuer of these plantations has bought a good deal 

 of wood out of them ; and the prices he has valued at per 

 foot may possibly be a fair value there for such small 

 timber. 

 fm on poor The growth of the firs in the last mentioned plantation 

 sro;uid. is probably as great in that poor ground as it would have 



been had they been planted on ground of three or four 

 times its value ; this must be a powerful iruluceraent to a 

 gentleman to plant all such poor ground in the first in- 

 stance. 

 vTraeson farms And a few of oaks, ashes, and firs may be raised on 

 iTs^TeZ^'""^ almost every farm in screens, that may, by their shelter, 

 increase the value of the farm to the occupier, by in- 

 creasing the produce, particularly that of grass grounds. 

 In this case the interest of landlord and tanant may be 

 . , , reciprocal ; but it is the reverse, where trees are planted in 

 josvs. hedge-rows. 



Kineficial on And even the sides and tops of high mountains may be 

 rhe tops and ^^^^\^ abundantly more productive of grass, if certain por- 

 i-idei of uiown- ■^ ^ i , , , • n^, 



tJiiofi. tiouR of them were surrounded by plantations. These 



plantations,. 



