1910.] Financial Aspect of Growth of Scots Pine. 191 



)> 



„ 6 „ 



8 „ 





5 5 



5 J 



J> 





10 „ 



5 5 









10 „ 



15 







5 5 



> J 



„ 15 „ 



20 „ 



5 1 



) ) 



) 5 



5> 



„ 20 „ 



25 „ 



> 5 



J > 



? > 



5 5 



„ 25 ,, 



3° ,.> 





> > 



) ) 



5> 



„ 3° 





55 



! J 



! 5 



5 » 



„ 40 „ 



,, aad over ,, 



> 5 



1 5 



3 ? 



Scale of Prices for Scots Pine Timber (Sold Standing). 



Trees containing under 4 cubic feet of timber (to 3 in. top diameter) at 3c/. per ft. 



4 c. ft. and under 6 c. ft. ,, ,, at 3^/. 



at \d. ,, 

 at \\d. ,, 

 at 5 d. ,, 

 at ^d. „ 

 at 6d. 

 at 6hd. 

 at 7d. „ 

 at l\d. „ 



Note. — In the case of large trees, the tops below 6 in. q.g. are generally " thrown 

 in," so that in respect of a tree of 30 to 40 feet the above prices are really increased 

 by about \d. per foot if regard is had to the fact that the timber below 6 in. q.g. 

 has been included. 



These land rentals show the exact yearly return which will 

 be obtained by growing the crop after paying back capital 

 and interest on the ^5 spent in planting, fencing, and clean- 

 ing the young crop. 



It is imperative that all calculations as to the profits to be 

 derived from forestry undertakings be made in this manner, 

 for there is no other method which gives so clear and concise 

 a financial statement which is at once intelligible to the lay- 

 mind. And if landowners and the corporations of our big 

 cities and towns seek advice upon afforestation, it is earnestly 

 to be hoped that such advice be always given in as clear and 

 concise a manner as possible without simulation or dissimula- 

 tion ; let them know "the truth, the whole truth, and nothing 

 but the truth," however unpalatable it may be. 



The table on p. 192 discloses the exact financial result of 

 growing Scots Pine calculated on the basis previously indi- 

 cated. 



I must admit that the above table is doleful reading — a loss 

 of 2s. 8d. to 3.?. 6d. per acre per annum, according to the 

 length of the rotation, representing a capital loss per acre 

 which is almost astounding, and this, too, even though the 

 land can be obtained rent free; and it stands forth in mourn- 

 ful contrast to the happy results which many believe can be 

 achieved, even with timber selling at the present price.. 



Of course, if the initial cost of planting, fencing, and estab- 

 lishing the young crop could be reduced on the average to 

 ( sa y) £3 1 os. per acre, that would lessen the loss by about 

 is. 2d. per annum ; or if the annual outgoings per acre could 

 be reduced below 35. 6d. the results would be correspondingly 

 better. However, in this connection it is well to remember 



