Source: The Mercury, 2 September, 1996, p.5
By SIMON KEARNEY Political Reporter FORESTRY Tasmania will earn record levels of income from saw and veneer logs this year. Forests Minister John Beswick said yesterday logs sold be tender had returned 40% above last year's royalty, which represented a $240,000 boost to revenue. "The results show businesses which understand the cyclical nature of demand in the forest industry are looking beyond the present downturn and are confident in the future of solid-wood products," he said. The sawlog tender system, which had been in operation for up to five years, was a major outcome of Tasmania's 1991 Forests and Forest Industry Strategy. "The document is a blueprint for the future management of conservation and working forests and is supported by both major political parties in the state," Mr Beswick said. The annual inviting of tenders provided part of a competitive market for Crown saw and veneer logs. The tender system had been initiated in 1992 following consultation with industry representatives to find the fairest and most practical approach and was consistent with nationwide competition reforms. Mr Beswick said Forestry Tasmania had sold by tender more than 240,000 cubic metres of eucalypt saw and veneer logs since 1992.
Where to next?
Student Questions for this article
Teacher Discussion of this article
Index - Related articles
Index - Number
Main Index - Numeracy in the News