The Most Paying Rotation in Indian Forestry

The classical "financial rotations", implying rotations producing the highest rate of interest on forest capital, are shown to be either meaningless or unsuitable in respect of practical forest finance in India, and it is argued that the rotation of maximum net income should be adopted regardless of the rate of interest this represents on forest capital. Such rotations are far longer than the classical financial rotation but produce a much higher net annual revenue from the forest, and as all net forest revenue is handed over to the state for administrative expenditure in the same way as revenue from taxes, the tax-payer is being best served by working the forests on the rotation of highest net income and not on the less productive "financial rotation".