FORESTRY AS AN INVESTMENT.
New Zealand Herald. The Government calculate that if they go into forest planting they will be enabled to turn every £lO,OOO so invested into a million at the end of thirty years, and they quote the authority of Mr Calcutt in support of the assertion. Whether Mr Calcutt’s estimate is confined to forests planted close to towns, and to what extent this huge profit could be obtained, we are not told, but we venture to doubt very positively the possibility of its extending over more than very few acres, and those in extremely favorable positions. Wo have a very vivid recollection of the “excess of receipts over expenditure.” which was to have provided year by year for the payment of interest and sinking fund from the earnings of the railways and tho sale of land in connection with them. Neither- have wo forgotten the brilliant profit which tho Colony was to derive from tho sale of confiscated lands after paying tho war loan which they represented. In both cases we have found that hope only told its usually flattering tale and cannot but fear the same experience will attend tho brilliant speculation in forestry on which wc are now asked to enter. '
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Hawke's Bay Times, Issue 1600, 7 August 1874, Page 313
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206FORESTRY AS AN INVESTMENT. Hawke's Bay Times, Issue 1600, 7 August 1874, Page 313
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