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Commercial forest harvests are expected to peak over the next 10 years.
A big forest sale to an overseas investment fund was "likely" to advance the Government's strategy to plant one billion trees over 10 years, according to the Overseas Investment Office.
Australian company New Forests set up the fund, and associate director MaryKate Bullen expected a further multi-million dollar investment wave from another new fund. . . . .
Palace of the Alhambra, Spain
By: Charles Nathaniel Worsley (1862-1923)
From the collection of Sir Heaton Rhodes
Oil on canvas - 118cm x 162cm
Valued $12,000 - $18,000
Offers invited over $9,000
Contact: Henry Newrick – (+64 ) 27 471 2242
Mount Egmont with Lake
By: John Philemon Backhouse (1845-1908)
Oil on Sea Shell - 13cm x 14cm
Valued $2,000-$3,000
Offers invited over $1,500
Contact: Henry Newrick – (+64 ) 27 471 2242
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