The Frinciplea of Forestri/. 
359 
£ 
s. 
d. £ s. 
d. 
7 
10 
0 
52 10 
0 
25 
0 
0 
40 15 
0 
45 0 
0 
£L'i8 5 
0 
92 10 
0 
£45 15 
~0 
Value of Produce. 
First tliinuing, 15 years after planting, say, 1,600 larch 
and Scotch fir, at 10s. per 100 (net) = . 
This sum will accumulate in 25 years at 5% to . 
Second thinning, 15 years later, say, 500 tirs, at 5/, 
per 100 (net) = 
Which will accumulate in 10 years to 
Third thinning, 10 years later, say, '300 firs at lo/. per 
100 (net) = 
Deduct expenditure as on page 358 .... 
Balance in favour of planting . . > . • 
To this sum of 45/. 15s. must be added, as already stated, 
the value of the permanent hard- wood trees, which at 40 years 
of age, under the best method of management (which is of 
course implied), should be of considerable value. I have not 
taken into consideration any of the indirect benefits which in- 
variably attach to planting operations. 
These figures, then, I shall submit without further remark, 
and leave others to find in them what they are intended to 
convey. It is now necessary to pass on to the subject of the 
best methods of obtaining the necessary capital. 
It might be supposed that money for this purpose might be 
obtained from the " Land Loan and Enfranchisement Company," 
or the " General Land Drainage and Improvement Company," 
incorporated by special Acts of Parliament. But the Land Com- 
missioners for England who control these Acts have ruled, in 
regard to j^lanting, that money can be advanced only for planting 
for shelter in connection with agricultural improvements. 
The Settled Land Act, 1882, however, meets this difficulty 
to some extent by allowing capital trust money arising under 
the provisions of the Act to be expended in planting, and there 
seems no restriction as to what this planting should be for. 
This, nevertheless, is also subject to the control of the Land 
Commissioners, in so far that the enumeration of improvements 
contained in section 9 of the Improvement of Land Act, 1864, 
is extended so as to comprise all improvements authorised by 
this Act. Limited owners, therefore, have now a power which 
they did not before possess ; but still it necessitates the raising of 
capital money. 
It is worthy of consideration whether the powers of the 
existing land improvement companies might not be extended to 
include planting generally, and not for shelter or periodical cut- 
tings only, subject of course to the controlling influence of the 
Land Commissioners. Further, if the period of 25 and 31 years 
