admin /9 October, 2006
It could be a question for a quiz night: Where can you find trees worth $27 million standing on 15 hectares within two kilometres of Hobart’s GPO? proposes The Mercury (7 October 2006 p4). As their value suggests, they aren’t just any old trees, destined to be firewood, but the richly diverse collection within the Royal Tasmanian Botanical Gardens on the Domain.
Birthday-less trees possibly "illegitimate"? Some of the trees have no known date of birth and may even date to when the gardens were founded in 1818. Trees with known “birth certificates”, dating to the 1860s, are fairly common. Then there are the many which have been planted in more recent times…and they all have a price-tag.
$107,000 state emblem worthless as lumber: Even the common Tasmanian blue gum which was removed from its dominant position in the gardens last month had a value of $107,000. It was a striking example of the species, which is the state’s floral emblem, yet it was riddled with fungus and to a sawmiller was worthless.
Value is in the eye of the beholder: However, as the garden’s botanical resources officer Alan Macfadyen explains, the trees are not valued on their worth to a sawmill but on a variety of factors designed to value trees on public or community-owned land in town and Suburban locations. “There are about a dozen different ways of valuing trees,” says Macfadyen.
Simple replacement cost … The simple way is to know how much it costs to cut down and how much it costs to plant a new one in its place.
… or complicated formula: "We’ve adopted the Thyer tree valuation method which was developed in Sydney in 1984. This method takes into account the variety, its rarity, height and age, its health, whether someone of significance planted it, its aesthetic value, its social significance and a number of other factors," explained Macfadyen.
Arboreal aristocracy: “We have some 1400 trees in the gardens which are more than five metres tall and about 100 of these are on the Tasmanian Register of Significant Trees. The significant trees are valued at more than $4 million alone. The fact they have been registered as significant adds markedly to their value.
Tall timber territory: “We didn’t value anything under five metres tall in arriving at the total of $27.5 million. The total value can always be disputed as a lot of the valuation process is subjective.”
Foreign dignitaries: The Thyer method places a $100,000-plus valuation on several trees in the gardens, including a Himalayan cypress, a cork oak (believed to be the largest in Australia), a deodar cedar, three long-leaved Indian pines, a Canary Island pine, a Spanish fir and two Wellingtonias growing at the front entrance.
Winnie’s English oak as solid as the Bank of England: About 30 trees in the oak collection, most about 100 years old, have a total value of $890,000. A single oak on the lawn just inside the gates, although not a particularly outstanding specimen, has a value of $32,000 – largely because of its history as it was grown from an acorn taken from Sir Winston Churchill’s garden at Chartwell in Kent.
The Mercury, 7/10/2006, p. 4
Source: Erisk Net