above water, permitting the tallest masts of lake shipping to pass.
Deductions as above under clause B, except that one-sixth be deducted off ironwork of masts and spars, and machinery (inclusive of boilers and their mountings) .
One-third to be deducted off repairs to and renewal of woodwork of hull, masts and spars, furniture, upholstery, crockery, metal and glassware, also sails, rigging, ropes, sheets and hawsers (other than wire and chain), awnings, covers and painting.
From early historic times it has been held in high estimation in the south of Europe, being used by the Romans for masts and all purposes for which timber of great length was required.
The wood is strong, light and very elastic, forming an excellent material for small masts and spars, for which purpose the trunks are used in America, and exported largely to England.