FOREST MANAGEMENT. 



343 



Schenck's working plan reports consist of the three parts as already 

 described, viz.: 



first part, detailed statement of facts; 



second part, statement of the owner's desire; 



third part, detailed plan of action. 



The plan of action weighs the financial merits of all methods of develop- 

 ment or treatment possible under the prevailing conditions and shows the 

 financial superiority of its own recommendations over any other proposed 

 plan of management. 



The heads under which the first part and the third part are treated 

 should be those given under the heading, " Forest Utilization." 



The " installation period " is the time required for the proper adjust- 

 ment of all investments. 



The annual working plan is an annual budget. It dwells in detail on 

 that part of all provisions of the chief working plan which should be carried 

 out in a given year of the period of installation. 



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