Fwestry 

 The Knap Woods of 15 Acres. 



The following sales are recorded from this ground : — 

 In 1889: 910 Larch and 



6 Oak, realised ... ... ;^530 



In 1899 : 1928 Larch, 



83 Spruce, and 



73 Scotch Fir, brought ... 800 



Or 3000 trees yielded ... ... ^^1330 o o 



Of the area, about one acre is outcrop rock, so 

 that roughly 14 acres would have been 

 originally planted. Probably 49,644 

 young plants were used, i.e., &t 2/4 feet 

 apart, or 3,546 per acre. If we set aside 

 24,644 trees for weeding and loss — roughly 

 50% — and deduct the 3000 sold as above, 

 it may be fairly estimated that 22,ooo trees 

 were marketed or used prior to 1 888. It 

 was almost a pure larch wood, and putting 

 the value of the remaining 22,000 trees at 

 2/6 each over all, this would give ... 2750 o o 



Or a total revenue of ... ... ... ;^4o8o' O o 



The capital outlay for planting and enclosing 



would have been, say, £jo, or ^^5 per acre, 



100 years ago. Adding 2% on £yo over 



this period, at compound interest (2% is 



taken as a medium, because returns of 



capital would have been received from 



time to time), and the result is ... ... ^486 14 S 



Add the grazing rent (14 acres at 2/6 per acre), 



;^i 15s. per annum, at 3% compound 



interest over 60 years — the grazing rent 



has been obtained for the last 40 years ... 283 10 o 



Further allow for rates and taxes, working and 



management, ;£'io lOs. per annum for 60 



years, with 3% compound interest ... 1701 o o 



;^247i 4 S 



