224 



FORESTRY IN SWITZERLAND. 



The following statement is of interest as showing in connection with re- 

 ceipts and expenditures whence such deficiency arises : 



Francs. 



Total deficiency in receipts 876.60 



Total excess in outlays 3,356.60 



Aggregate deficiency 4,233.20 



This deficiency, however, does not necessarily prove that the forests are 

 not run at a profit. They simply show that in any given year unforeseen cir- 

 cumstances may prove the estimates formerly made to have been made a 

 trifle too low or too high. That the forests of the city (or township) of 

 Zurich are indeed run at a handsome profit is shown by the following state- 

 ment of accounts or balance-sheet taken from last year's report. It should 

 be observed that the account is divided into two heads, one covering the 

 wrought and the other the natural products of the forest. The statement 

 covers an area of 2,760 square acres of woodland. 



