72 APPENDrS. 



As already stated, this purchased forest comprises no less than 

 1,446 acres, and was estimated by forest experts at the time to 

 be capable of yielding 6,071,250 cubic feet, and was therefore 

 valued at 164,000 cubic metres. Until now timber-cutting in 

 this forest has been postponed, and particularly for this reason, 

 because the branch railway line for the transport of the products 

 of the forest and of the saw-mill and the carriage factory were 

 not yet finished. In the meantime the value of the timber has 

 become very much enhanced, and the Company has not only 

 received no damage by the delay in the use and sale of the timber, 

 but on the contrary it will derive considerable advantages, inde- 

 pendently of the fact that the timber has taken a considerable 

 growth since the date of the Company's purchase. 



The farming of the same by careful culture, cleaning, and fresh 

 planting, was not in the meantime neglected. Besides the timber 

 used from this forest for the erection of the Company's buildings, 

 there have been in this year (1872) no inconsiderable receipts 

 through contracts for the supplying of railway sleepers. But 

 now they have begun in good earnest to bring the timber into the 

 saw-mill, and are fast preparing this business for delivei'ies 

 to the railway carriage manufactory, and for the use of the other 

 industrial works. Next year, when the saw-mill and large 

 carpenters' shop shall have been connected with the place of 

 delivery for the timber on the Saane by the junction railway 

 (fig. 1) with the trunk line at Freiburg, there will be great 

 gain from the forest, and energy will be exerted to convert the 

 timber into money ; inasmuch as sawn timber, in form of boards, 

 is paid for at the rate of 60 francs per cubic metre, and building 

 timber in beams and posts, at the rate of 45 to 65 frs. (£1 16s. 

 to £2 12s.) by deliveries for export to the south of France ; and 

 as the charges against the timber, for cutting, sawing, and for the 

 transport of the sawoi timber, will only reach 30 francs, and for 

 building timber 20 frs., so will there remain to the profit of the 

 Company about 30 frs. for every cubic metre sold — equal to 

 £1 4s. on 36 feet of our English measurements ; and at this 

 rate the whole stock of timber at their command would represent 

 5,000,000 francs (£200,000). Of course this large sum would 

 not come in at once, and the Company will take good care not to 

 use up the gains of their forest in after years, inasmuch that if 

 they did do so, they would destroy their future by thus sapping 

 the life-blood of the whole enterprise. But by the present 

 prudent use of the growing timber, the Company will keep a 

 just balance of the returns from their forest with their other 

 profitable undertakings ; and therefore the capital embarked in 

 that forest must prove to be a safe investment. 



