478 MISC. PUBLICATION 218, U. S. DEPT. OF AGRICULTURE 
or 15RM per hectare ($39,600, or $1.40 per acre) on the forest area. 
The net income, before taxes, for the fiscal year August 1, 1928, 
to July 31, 1929, amounted to 468,200RM (about $111,500); therefore 
the taxes which are comparable with the American property tax 
represented about 36 percent of this net income. These taxes 
amounted to about 1.4 percent of the official uniform value of 11,800,- 
000ORM ($2,810,000). 
PROPERTY NO. 3 
Property no. 3 is situated partly in Hessen and partly in Baden 
and consists of 3,100 hectares (7,660 acres), of which 2,950 hectares 
(7,290 acres) are in forest. The property is a protection forest, so 
that the rotations are fixed by State law. Theoretically, they are as 
follows: Beech, 140 years; pine, 100 years; and spruce, 70 years. In 
practice some ‘older stands are present, owing to lack of market at 
this time for the products. The system of silviculture in use is high 
forest. The distribution of age classes in beech is fairly good, but in 
spruce there is an excess of the. younger age classes. In the year 1929, 
the cut from the forest was equal to that called for by the working plan. 
; ae taxes for the calendar year 1929 on this property were as 
ollows: 
IG aVcray aaYsih 22%, qapielnnl ee lite ee AUER acai me apm er pale ATLL US ALE Nan NR Ul 5, 290 RM ($1,260) 
Property italy: Bits vey OnE aT By ae UC Se A 27, 270 RM ($6,496) 
ASUETO VER sCaix Speer t Beale See Oo NT ey yy A MR LOE gs eae age 5, 000 RM ($1,191) 
Rentenbamlatimberest) tein wyiien sea Uwe. Bi iis ime Lhe sees eal 13, 218 RM ($3,149) 
StatevlancdianG InOuse wean epee el sea aaa a mene sn minQu ia paye 24,190 RM ($5,762) 
Statethunting Gan 2 Ala Canin hn AL eee Rs AL OTE 997 RM ($237) 
Comimutral yh aixce  e9  P EE O aae D Me Bn EAN pe 50, 607 RM ($12,055) 
Cuaron ae Poteet aad lal eee RY eR oe a 4,400 RM ($1,048) 
AD re Me ON ened et) Maiyah) of lS ge ta cher hg dl yd 130, 972 RM ($31,198) 
Omitting the income tax, turnover tax, and the Rentenbank interest 
tax, the taxes were 107,500RM ($25,600), or 36RM per hectare ($3.50 
per acre) on the forest area. 
The average net income, before taxes, for the 4 years from 1925 to 
1928 was approximately 208,000RM ($49,500). The taxes corre- 
sponding to the American property tax therefore represented 52 
percent of the net income, and 1.7 percent of the officially established 
assessed value of 6,312,000RM ($1,504,000). 
PROPERTY NO. 4 
Property no. 4 is located in Wiirttemberg, and it consists of 2,600 
hectares (6,400 acres), of which 2,075 hectares (5,180 acres) are in 
forest. The rest consists of agricultural parcels (meadows and 
fields) and some vineyards. The vineyards are managed by the 
owner, as are 120 hectares (300 acres) of agricultural land (poultry 
farm); 400 hectares (990 acres) o’ agricultural land are leased. 
The forest is 70 percent stocked with conifers (spruce and pine) 
and 30 percent with hardwoods (beech and oak). 
The rotation is established at 100 years. 
The age classes are approximately normal; in the higher age classes 
there exists a slight deficiency, in the intermediate classes a small excess. 
The forest is in good condition. Market conditions are favorable. 
Of the annual cut, two-thirds are used as timber and one-third as 
firewood. 
The cut according to the management plan was 7,500 m® (264,900 
cu. ft.), or 3.6 m® per hectare (51.6 cu. ft. per acre). The actual cut 
6 aaa hee aS 
Se Sr ES 
