Afforestation : the Unemployed And the Land

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Great quantities of similar land in England, Wales, and Scotland also exist. The land, there- fore, abounds in plenty, and seeing that much of it is at present let for sums varying from 1/- to 2/6 per acre, it will not be seriously argued that it could not be more profitably put to a better use.
As to the financial aspect of the question, much valuable information exists to guide us in regard to this point. Whatever might be said as to our climate in other respects, it is all right for the grow
...ing of timber, and, therefore, what other countrifes have achieved, we could equally do. In 1904 the capital value of the forests in Saxony, the land, and the timber standing upon it, came to £19,070,606, and calculated according to the outlay, with com- pound interest at 3i per cent., it comes to £48 8s. Od. per acre.
Taking the forests of Saxony all round, good, bad, and indiffeirent, there is a return equal to 2i per cent, on the present capital value. Owing to the difference in climate, however, the production of timber in these islands will be more rapid^than in Saxony, so that if we take into consideration, by way or a comparison,, that we can produce timber crops more rapidly, and possibly of more valuable kinds, we might safely count on a return of from 3 to 3i per cent.


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