98 BALANCE-SHEET OF A NORMAL KAURI FOREST. 
and expenditure, using figures from forests in a similar rea Sb a 
other countries. The preceding figures, depending more Se ess on = 
present quality of the forest, are variable. The following nie rk 
the forest better stocked and approaching regularization, are definite 
and variable only within certain close limits :— 
Revenue— sen 
Timber yielded by the 100 c. ft. q.g. Kauri acrim £ 3s, d, 
tantd to ‘tere (p. 92), at 2s. perc. ft. (p. 105) 
(16s. 8d. per 100 ft. sup.) A os 3 
40 c. ft. q.g.*, more or less, of other timbers, at &d. 
per c. ft. (5s. 6d. per 100 ft. sup.)t to a 1 6°8 
Kauri ‘‘gum’”’ from a fully stocked Kauri forest, with 
light tapping from all the trees, and heavy tap- 
ping from those being felled: as a rough general 
estimate, say £1 11s. per acre per year, including 
fungus, firewood, and all minor forest producef ... 1 11 0 
Oe 
§£12 17 8 


* The 40 cubic feet q.g. of other timbers is uncertain. It depends on just how much 
space is required for the best growth of the 100 cubic feet q.g. of Kauri. 
+ This figure may seem high, but it includes such timber as Totara, Rimu, Celery- 
top (Tanekaha), and Puriri, some of which, where favourably situated, have already 
touched this figure; and allowance has here to be made for the better growth and 
accessibility of the cultivated forest. This may be the maximum average price these 
timbers will reach, though Totara and the best of them may get near Kauri prices. 
t The yield of Kauri “gum” estimated must necessarily vary within wide limits, 
since so little is known about the systematic tapping of Kauri for “gum.’’ I see no 
reason why, at least, the amounts estimated here should not be realized. For forest 
that is at all accessible the value of firewood will at once make this estimate of revenue 
far too low. 
§It should be noted that the gross revenue of £12 17s. 8d. per acre here estimated is a 
middle-course figure. The extremes would be,— 
Minimum value of net revenue per acre— 

Kauri 105 to 120 years hence with no further rise beyond 8s. 4d. per £. fi, as 
100 ft. sup. and a kauri acrim of only 100 c. ft. q.g. wy 5 0 0 
“Gum,” firewood, and fungus, as above ¥ a ee eee 
Other timbers, as above | gs eee 
Gross revenue ml , ‘, 24 717 8 
Less expenditure + “ye meet 2] 8 
Net revenue ~ os 2% -- #616 0 
Maximum value of net revenue per acre— 
Kauri 105 to 120 years hence, at double present prices—say, 2s. £ s. d 
per c. ft.—and an acrim of 200. ft. q.g. .. ap eee a a 
Other timbers completely dominated by the Kauri and with prac- 
tically no timber acrim .. se +4 vi are 0 0 0 
Kauri “gum ” and firewood, say 3.0 0 
Gross revenue fe ik > . we 0 0 
Less expenditure 3.0 0 
Net revenue Ks a 45 .. £20 0 0 
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