. Elements of forestry. Forests and forestry. FOREST FINANCE 261 absolute safety, the American investor demands 3J to 5§ per cent on the same kind of securities. As stated in Chapter VI, it has been clearly proven that a pine plantation, economically started, will yield 5 per cent compound interest, based on present stumpage values. Nevertheless, an interest rate from. Fig. 48. — Sample Plot of White Pine 28 Years Old Which has Been v Growing at the Rate of 122 Cubic Feet Per Acre Per Year. Where initial cost of land and planting is not exorbitant this species will yield 5 per cent compound in
. Elements of forestry. Forests and forestry. FOREST FINANCE 261 absolute safety, the American investor demands 3J to 5§ per cent on the same kind of securities. As stated in Chapter VI, it has been clearly proven that a pine plantation, economically started, will yield 5 per cent compound interest, based on present stumpage values. Nevertheless, an interest rate from. Fig. 48. — Sample Plot of White Pine 28 Years Old Which has Been v Growing at the Rate of 122 Cubic Feet Per Acre Per Year. Where initial cost of land and planting is not exorbitant this species will yield 5 per cent compound interest on the investment. 3 to 4 per cent is safer to count on; and the increase in stump- age value that will inevitably occur during the rotation will be an additional profit. To summarize, under present conditions, forests are a fairly conservative investment, yielding an average return. The legislation favorable to the taxation of forest land that is being enacted by many states, and increased fire pro-. Please note that these images are extracted from scanned page images that may have been digitally enhanced for readability - coloration and appearance of these illustrations may not perfectly resemble the original Moon, Frederick Franklin, 1880-1929; Brown, Nelson Courtlandt, 1885-. New York J. Wiley
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