354 
The Gruhhing up of Woods. 
". The Snl question. — The expenses of stubbing and preparing for culti- 
vation were for each acre as follows : — 
£. s. d. 
" Stubbing the roots of 38 oak trees at Is. each, being the 
extra cost above the ordinary price of axe felling .. .. 1 18 0 
Trenching the ground 10 inches deep, in the winter after 
felling, and stubbing all the roots of underwood at 
2s. 9(?. per 100 square yards, or per acre 6 13 0 
Burning all the oak and underwood roots 0 18 0 
Spreadins; ashes after burning, per acre 0 3 0 
Draining land 3 feet deep at intervals of 8 yards with pipe 
tiles " 440 
Fencing with double posts and rails, and quick, to divide 
the land into inclosures of 20 acres each, gates and posts 
to each field, average per acre 117 0 
Total cost 15 13 0 
« Credit— 
After stubbing and preparing at the cost here stated, the 
owner let the land for one j^ear in allotments for potato 
planting at 3?. per acre, which being double the agricul- 
tural value, one half to be set off in deduction of the cost 
of preparation 1 10 0 
Nett cost of preparation per acre £14 3 0 
" The 4th question. — After the first year of potato planting, the land 
was let as agricultural land to the tenant of the adjoining farm, at 30s. per 
acre, and so continues, which is the answer to the fourth question proposed. 
" The result to the owner was therefore as follows : — 
£. s. d. 
" Annual value of woodland, during 24 years, as before stated 70 0 0 
Annual value when cleared and cultivated, thus : — 
Amount realised by sale of the stock of timber and bark, 
as per statement 7344 0 0 
From which deduct expenses of conversion, as per pre- 
ceding statement, 14?. 3s. per acre, and for 136 acres 1924 8 0 
Surplus capital for reinvestment .. .. 5419 12 0 
Assuming surplus capital to produce 3^ per cent, in per- 
petuity, the annual increase from such investment is .. 198 14 0 
Add the rent of woodland for agricultural purposes at 30s. 
per acre, for 136 acres gives an income of 204 0 0 
£393 14 0 
" This result gives an annual income after stubbing of 393?. 14s., against 
the income accruing from wood of 70?. 
" Gain of income to the owner, by the operation, of, jier annum, 323?. 14s. 
" Although the case here stated, from the value of the timber and the high 
quality of the land, is somewhat excei)tional, yet I believe there are few cases 
in the county where a pecuniar}' gain would not result from con\ crting wood- 
land into tillage ; and I think it may be laid down as an axiom, that where the 
stock of wood is suflicieut to pay the ex^ eiises of clearing, and the land suffi- 
