Publisher's Synopsis
Excerpt from Handbook on Forest Mensuration of the White Pine in Massachusetts: How to Estimate Standing Timber, Log Scales, Volume Tables, Yield Tables, Financial Rotations, Growth Tables, Thinnings, Etc
The expenses compounded at 4 per cent. And subtracted from the gross returns leave the highest net income with a fifty-year rotation. At 5 per cent. The rotation is fifty years and the net profits are $248. At 6 per cent. The net profit is reduced to $158. Higher rates of per cent. Would still further reduce the net income, and would also shorten the rotation. In this connection one must note this fact, that the net profits are over and above the regular interest returns on the money invested, and also note, in considering these profits, that the stumpage price of pine, here the gross returns, is constantly advancing, while the average rate of interest on safe investments is constantly falling. These two factors would tend to greatly increase the net profits as time goes ou.
The last table, on financial rotation, is in the form bf a summary and a means of comparison, because a range Of values is given to the land and to the cost of planting. Bl decreasing the value of the land, by doing the planting mo cheaply, or by using a smaller rate of interest, the n profits are increased and the rotation lengthened. 001 versely, by increasing any or all of these items the n income and the rotation are reduced. This change in to tion is not apparent from the tables, but would be if rotation were given for every year, instead of for five-y periods.
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