146 



This does not include the establishment employed in the forests ronnd Dalhonsie 

 which will be separately reported on. 



Forecast of financial results.— The report should conclude 

 with a forecast of the anticipated financial results under the 

 management proposed. The forecast should be criticised 

 and compared with the results obtained in past years. 



Example. — It is impossible to do more than estimate the average annual 

 revenue. It will be noticed, from the following statement of the anticipated 

 revenue and expenditure during the next 10 years, that but little profit from a 

 financial point of view will be obtained from the working of the forests. It is 

 not intended that the position should be otherwise. The object Government l-.o!ds 

 in view in working these forests is, not to trade as timber speculators, but to secure 

 a regular supply of timber for the neighbouring town, and to manage the forests so 

 that they sh all be always capable of furnishing a sufficient supply. It is, therefore, 

 here proposed to devote to the improvement of the forests, which are in a dangerous 

 condition as regards their future, the greater portion of the anticipated net revenue 

 from the timber transactions. The anticipated receipts during the next 10 years 

 compare, it may be thought, too favourably with the actual results of the past decade. 

 It will be seen, however, that it is proposed to fell more than double the past average 

 annual number of trees. 



APPENDICES. 



Maps.— The working-plan should be supplemented by such 

 maps as are required to clearly illustrate the general position 

 of the forests as "well as their proposed exploitation and 

 management. Ordinarily the maps would include, especially 

 if the total area concerned is very considerable, — 



(1) A general map on a small scale showing the 

 whole tract dealt with, the distribution of the 



