Forest Development

This document has been scanned from hard-copy archives for research and study purposes. Please note not all information may be current. We have tried, in preparing this copy, to make the content accessible to the widest possible audience but in some cases we recognise that the automatic text recognition maybe inadequate and we apologise in advance for any inconvenience this may cause.

~ A. LL'~T",,,)

.----

·l

.'

I

,t

"

,. I

TECHNICAL PAPER NO. 22.

A Financial Analysis of the Eden Hardwood Project

)

r

if

I

AUTHORS; N.Davies, A.J. Watt, & G.J .Deacon.

1

.~

~

FOR EST R Y

C 0 M M I S SI 0 N

0 F

N . S. W.

Published - January 1974

I

ANTICIPATED RETURNS FROM HARDWOOD FOREST MANAGEMENT IN THE EDEN DISTRICT OF NEW SOUTH WALES: A FINANCIAL ANALYSIS OF A LARGE SCALE HARVESTING AND DEVELOPMENT PROJECT.

N. Davies, A.J. Watt & G.J. Deacon

SUMMARY

".

iZ

The management of some 700,000 acres of the publicly owned forested lands of the Eden forestry district is being intensified. Over 110,000 acres have been allocated to the control of the NationaJ Parks and Wildlife Service. The remainder has been dedicated as State Forest. On this latter area, the existing overmature and unproductive timber stands are being harvested over a forty year period to provide logs for the local sawmills and pulpwood billets for paper manufacture. It is proposed to manage 450,000 acres of the State Forests for the continuing supply of hardwood pulpwood and to establish more than 100,000 acres of Pinus radiata plantations on the remainder. As part of the continuing process of management planning, analyses have been made of the financial returns that may be expected from the harvesting of the old growth and continued management of the eucalypt pulpwood working circle.

'!,

Detailed data and results for two of these analyses are presented here.

'o!

These indicate that stumpage returns to the Forestry Commission of New...