226 



LETTERS ON TREES. 



For the period of growth, from forty to sixty, we have esti- 

 mated the return at only L.7, 10s. per acre, that being a time 

 w^hen it is desirable to cut as few trees from a thriving w^ood 

 as possible — 



Or, per acre, per annum, , 



L.O 



7 



6 



Less interest on L.6, 13s., amount of expense, 









and coniDOund interest thpreou as hpforp 



0 



6 



8 



Leaving per acre, per annum. 



L.O 



0 



10 



And giving for twenty years, per acre. 



L.O 



16 



8 



xne price at ine enci oi sixi^ j eaib w as esiimaieu. 









as before, per acre, at . 



33 



15 



0 



Making a total of . . . 



L.34 



11 



8 



From w^hich deduct original outlay and compound 









interest, . . . . . 



6 



13 



0 



Free balance per acre, 



L.27 



18 



8 











Or, taking the full amount for a plantation of the extent 

 of that reported on (190 acres), we have — 

 Original cost and compound interest, as before, 



one hundred and ninety at L.6, 13s., L.1263 10 0 



Price, ditto, at L.34, lis. 8d., . . 6570 16 8 



Balance or gain, . L.5307 6 8 



This return is equal to a rent at the rate of 9s. 3d. per 

 acre, per annum for sixty years, for ground literally worth 

 nothing before, besides leaving a surface of decayed vegetable 

 matter, growing pasture-grass in place of heath, and having 

 all along afforded shelter and beauty to the adjoining gTounds. 



