I. llll. C0BB Company

While a major share of forestry research in product development, Chief Cliff pointed out, will continue to come from private industry, the Federal Government and colleges and universities have important roles to play.

o'Expenditures for forestry research lag far behind that for other research," the chief forester emphasized. He said some $12.5 billion was spent each year on all research and development activities in the United States, while the total annual forestry research outlays was some $90 million including Federal, State and private funds.

While total U.S. research money amounts to about 2l/2 per cent of the Gross National Product, forestry research expenditures come to only 4/I0 of one per oent of the GNP contributed by the timber-based industries.

o'I{ we are going to move ahead in technology of more intensive multiple-use management of our forests and the technology of expanded industries and employment based on forest resources," he concluded, "we must expand the forestry sciences on which new and improved technology can be built."

Book Surveys Locdl, Notionol Business Outlook

What's the business, industrial and economic outlook for Southern Calilornia and the Nation for 1963 ?

Or, put another way, what is in store for Los Angeles; marketing and selling; investment-securities; the stockholder; Southern California industry; real estate and construction; employment; retail sales; and the international picture in the months ahead?

A 128-page, topical-indexed Book of Proceeding of the recent 1963 Business Outlook Conference, with spiral-bound hard cover, is now available for those who want to look into the crystal ball. Its co'st: only $4.00 per copy-postpaid. A limited supply of copies are arvailable now. If you're interested, contact the Research Dept. of the Los Angeles Chamber of Commerce, 404 So. Bixel St., Los Angeles 54, for your copy.