McLelland - Ngati Hine H2B (2011) 21 Taitokerau MB 57 (21 TTK 57) [pdf, 194 KB]
...Second, the Trust‘s reports and Mr Shortland‘s comments at the AGM indicate that the Trust has yet to produce a dividend for its owners and may not be in a position to do so until the harvest of a second rotation. That is said to be because of the cost of re-planting and managing a second rotation of trees, and the Emissions Trading Scheme. Thus, the land is likely to be tied up for close to 60 years before it generates a tangible return to the beneficial owners. That seems ext...