Forests, Lands and Natural Resource Operations Minister Steve Thomson announced the initiatives today in his speech to the 70th annual general meeting of the Truck Loggers Association.
BC Timber Sales is accelerating the auction of 500,000 cubic metres of wood between now and June in order to address a shortage in short-term log supply. The new scanner technology uses lasers to determine the volume of a log and could be a more efficient way of scaling. The ministry is also exploring ways to ensure the entire timber profile available on the coast is harvested more consistently.
Log export policy revisions include a change to the fee structure for exporting some logs. Actual export fees charged will be based on the difference between the domestic and export price of logs. With a current average price difference between the domestic and export price, this represents a 20 per cent increase in fees charged for exporting logs from the coast. However, the revised fee does not apply to logs exported under existing Orders in Council. The new fee schedule comes into effect March 1, 2013.
A change in the fee schedule for logs exported under Order in Council from the Mid Coast timber supply area is also coming into effect immediately. The fee on low- and mid-grade logs will be reduced to a minimum of $1.00 per cubic metre for a two-year trial period. The high cost of logging and low value of timber in this remote area has resulted in lessened economic activity. The lower fee should increase harvesting activity in this remote area.
The higher price from exported logs allows forest companies to harvest stands that would otherwise be uneconomic and provide for increased harvesting and economic activity.
The log export review also improves transparency and predictability by clarifying that freight will be considered on any domestic offers for logs proposed for export. The cost of transporting logs from one of four commonly used locations to Vancouver will be a factor considered when addressing bids by domestic buyers.
Other administrative changes include improvements to the log export data system and clarifying policies for timber marking and scaling.
· Thomson committed to a review of the province's log export policies in July 2011, given the increase in log exports that year. Three multi-stakeholder forums and almost 50 submissions were considered in reaching the final decisions.
· The fee schedule for log exports was last updated in August 2004. B.C. is the only Canadian province to charge fees-in-lieu of manufacturing on its log exports.
· In 2011, the province collected $21.3 million from log export fees.
· Cypress and cedar are not allowed to be exported.
Two backgrounders follow (fee schedule, OICs, TEAC TOR).
· 15 per cent of the domestic log values for Douglas fir, all grades.
· 10 per cent of the domestic log value for all other coastal coniferous species and grades except grades U and lower.
· 5 per cent of the domestic log value for grades U, X, Y and Z for all coniferous species except Douglas fir.
· A fee of $1.00 per cubic metre applies for all deciduous species of timber.
In all cases, the log export fee is a minimum of $1.00 per cubic metre.
For example, the 2011 average export fee on a cubic metre of timber was $7.00 per cubic metre. The current difference between export price and domestic price is $27.00 per cubic metre. Accordingly the new average log export fee will now be ($7.00 x 1.2) $8.40 per cubic metre.
Log export fees for the Interior remain at $1.00 per cubic metre.
The Forest Act, since it was introduced in 1912, has always included provisions for limited log exports. Logs can either be exported through an Order in Council, or ministerial exemptions. A company that wishes to export logs must first advertise logs for domestic purchase first. If there is no domestic buyer, then logs are allowed to be exported. The Minister's Timber Export Advisory Committee reviews all offers to determine whether they meet fair market value. The minister confirmed today that significant freight costs must be a factor considered in domestic bids for logs proposed for export.
Effective Jan. 17, 2013, the fee for mid- and low- grade logs (H, I, J, U, X and Y) exported under the Mid Coast OIC will be reduced to the greater of one per cent of the domestic value of the log or $1.00 cubic metre for a two-year trial period. The intent of the lower fee on lower grade logs is to encourage more harvesting. In 2011 only 10 per cent of the allowable annual cut was harvested. The fee schedule for higher grade logs does not change. Logs exported under this OIC will not be subject to the increased fee.
For example, if a volume of logs with 30 per cent high grade, 30 per cent mid grade and 40 per cent low grade were to be exported under the Mid Coast OIC, 30 per cent of the volume would have a fee assessed that would be 10 to 15 per cent of the domestic value of the log. 70 per cent of the volume would require a fee of $1 per cubic metre.
- Northwest Coast (current Mid Coast area) - First came into effect in 1986, terminated in 1992, brought back in 2006, was renewed on June 26, 2008 and expires June 26, 2013. It allows 35 per cent of logs harvested to be exported (except cedar and cypress). With this announcement, it's being extended to June 26, 2015.
- Nass Timber Supply Area – First came into effect in 1986, was renewed June 26, 2008 and expires on June 26, 2018. It allows 100 per cent of logs harvested to be exported.
The Timber Export Advisory Committee ("TEAC") is an advisory committee established by the Minister of Forests, Lands and Natural Resource Operations ("the Minister"), to provide recommendations to the Minister regarding the export of timber originating from lands within British Columbia that is regulated for manufacture in British Columbia by the Government of British Columbia.
TEAC will consist of a Chair, not more than eleven (11) members, and a Coordinating Secretary.
The Chair and members are to be persons with suitable background knowledge in some or all of the following areas: the practicalities and economics of conducting logging operations; the practicalities and economics of operating a wood product manufacturing facility; and knowledge of the domestic and export log markets. The membership is to represent all areas of the province where timber exports are prevalent.
The Chair will be appointed for a term of five (5) years and members will be appointed for terms of three (3) years by the Minister. Member terms will be staggered over time to maintain continuity of TEAC. The Chair and member terms may be extended or abbreviated by approval of the Minister.
The Coordinating Secretary and his/her alternate will serve as directed by the Deputy Minister of Forests, Lands and Natural Resource Operations.
TEAC will report, through the Chair, to the Minister or a designate.
Applications for Exemption to Export Unmanufactured Timber Products ("Applications") that are advertised on the Provincial Bi-Weekly Advertising List and receive valid offers to purchase the advertised timber ("Offers") will be referred to TEAC.
- a request for further information.
- the percentage of standing timber volume, by species, grade and geographic region, to be exempted from the requirement of manufacture in British Columbia, and the term of standing timber exemptions.
The Chair will designate a member as Vice-Chair to act in the absence of the Chair.
TEAC will meet monthly or at the call of the Chair.
A quorum will consist of the Chair or Vice-Chair and three (3) or more members.
Members absent for three (3) consecutive meetings will be considered for removal from TEAC.
Minutes of meetings will be prepared by the Coordinating Secretary, signed by the Chair, and distributed to members and the Minister or a designate.
TEAC deliberations and recommendations are confidential, and the Minister may release information within limitations prescribed by Provincial Law.
FLNRO will provide an honorarium to the Chair and members, at a rate to be determined by the Minister. Reasonable expenses will be reimbursed to all members.


The Lodge is an authentic traditional village re-created together with internationally renowned Venda artist, Noria Mabasa. The Village has 5 en-suite African style huts that open up to sculpted sun-baked courtyards.
Note: Children over 12 welcome.
Fabulous to be here not just for the beauty but for the deeper understanding of the area given to us by Peter on his two walks. Such a wealth of knowledge garnered through experience and enthusiasm is rare. We shall return more in touch with our country and its past.
H12 Leshiba offers guided walks and game drives as well as adventure horse riding for experienced riders. H12 Leshiba is a hikers paradise. There are 12 well-marked trails to explore the reserve without a guide. Wander freely amongst wildlife which includes giraffe and zebra or bring your mountain bikes and challenge yourself on some of our bush tracks. We also offer guided walks and game drives.
We are off the grid! H12 Leshiba is an eco lodge and the property is solar powered. There is wireless internet at The Lodge for anyone who needs to stay connected but limited cell phone reception. We have a number of boreholes on the property and the water at H12 Leshiba is great for drinking.
Full board rates include accommodation, early morning tea / coffee, brunch, afternoon tea and dinner, variety of herbal teas, coffee and fresh fruit and one game activity per day. Fully serviced daily. Rates exclude all beverages, gratuities and mountain transfers.


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Journals / Land Journal / Part 1: How dutyholders can manage tree risk
Part 1: How dutyholders can manage tree risk
Whether property managers or tree owners, those responsible for tree safety must be aware of their duties to check the risks – or they may find themselves legally liable
Author: Jeremy Barrell
Fallen tree blocks road in Cardiff
Trees provide multiple societal benefits on a local and national scale, in both urban and rural areas. However, as trees and people are squeezed closer together, they can also cause serious harm.
Such harm can include:
death and injury
nuisance, through structural damage or damage to hard surfaces
inconvenience, such as excessive shade or encroachment impeding normal use of land
harming business prospects, for instance, blocking views to retail signage
increased management costs for unexpected maintenance among other issues.
When trees fail and cause harm, dutyholders who are responsible for tree safety – whether property managers or tree owners – must explain what they did to reduce risks, if they are to refute criminal prosecution and civil liability in the courts.
The big question for dutyholders is: how much is enough? Too little and the courts may find against them, with all the financial, reputational, and emotional harm that brings. Too much, and costs can escalate out of control. So where does the balance lie?
'The big question for dutyholders is: how much is enough?'
Emerging issues influencing decisions
The detailed design of a tree risk management regime is influenced by a range of factors including published legal decisions, new technical publications, current government guidance, emerging tree health issues that affect safety, and the experience of practitioners who routinely work with trees.
This framework is constantly evolving as practical lessons are learnt, new research is published, and emerging societal trends are expressed through court decisions.
Dutyholders wishing to avoid criticism and liability should consider the following factors in particular.
Civil judgments: These written decisions from the civil courts can be useful because they provide insights into what might be expected of duty holders. The case and subsequent appeal of Witley Parish Council v Cavanagh [2018] EWCA Civ 2232, which concerned a lime tree that fell and caused serious injuries to a bus driver, deals with the frequency of checking and occupancy issues.
Criminal prosecutions: Successful criminal prosecutions relating to trees are rare, so they are important when they do occur. In July 2020, the death of a child whose mother was struck by a falling branch while driving resulted in the Health and Safety Executive (HSE) bringing a case against Wirral Council at Liverpool & Knowsley Magistrates' Court, where it pleaded guilty to breaching section 3.1 of the Health and Safety at Work Act etc. 1974, and was fined £100,000 and ordered to pay costs of £49,363.
Prevention of future deaths (PFD) reports: Coroners have the power to issue PFD reports following inquests where they believe future deaths could be avoided by changes to operational or management practices. Two inquests that resulted in tree-related PFD reports, Michael Warren in 2014 and Lucia Jayne Stear in 2019, highlighted the importance of formal corporate policies, tree hazard identification training, and fit-for-purpose management of highway trees
Ash dieback disease: Ash dieback is progressively killing millions of ash trees across the UK. As this is common knowledge, dutyholders failing to heed government-endorsed advice on managing the risk will be vulnerable to criticism and liability where unmanaged trees fail and cause harm.
This ash tree has severe ash dieback disease with at least 75% defoliation – death of leaves and shoots. Trees with this level of infection can deteriorate quickly and must be managed more intensely than healthy trees, © Jeremy Barrell
For these reasons, dutyholders may wish to review their existing tree risk management regimes and consider updating their procedures in the following areas:
frequency of checks
tree hazard recognition training
formal tree strategies
responding to near misses
highway tree checks.
If a failure that causes harm results in legal proceedings, it is likely that dutyholders will be expected to have considered all these matters, updating their risk management processes accordingly and taking reasonable and proportionate measures to reduce significant risks of harm in future.
At first glance, the Cavanagh judgment and subsequent appeal would seem to suggest that trees should be checked every 18 months to two years to avoid liability. This would represent a significant increase in checking for many dutyholders, and could substantially increase the cost of their regimes.
However, the Court of Appeal was only looking at findings of fact relating to the specific circumstances in January 2012; namely for a large, isolated lime tree in an area of high occupancy. Although this case will be treated as a legal precedent, current checking frequencies of three to five years for the wider tree population are likely to remain defensible if individual trees that may come under the judgment are identified for more frequent checks.
Ash trees now lie outside this general rule because of dieback disease and they must be treated differently. It is well documented that once ash trees begin to decline, they become vulnerable to secondary pathogens and can rapidly deteriorate.
Evidence is still being evaluated on how quickly the disease causes this to happen, but checking every two years may be necessary once the disease has resulted in more than 50% defoliation. This rate is subject to ongoing evaluation by the Forestry Commission, and duty holders should check regularly for updates to the standing advice.
The two PFD reports mentioned above have highlighted deficiencies in training of staff responsible for checking trees in the recognition of relevant hazards.
Formal and cost-effective basic or refresher courses has been available from Lantra since the early 2000s so the courts may take a dim view of inadequate training for staff who are charged with checking trees for hazard.
The Stear inquest and PFD report identified the lack of a formal tree strategy as a contributory factor in the death, and criticised Wirral Council for not having one. Criminal prosecution and a fine followed, and the council invested more than £1.25m to rectify the deficiency.
It seems that corporate dutyholders, such as local authorities, that have to manage large portfolios may receive harsh criticism from the courts if harm arises as a result of not having a formal tree risk management policy.
This inquest and subsequent proceedings also severely criticised Wirral Council for not reacting properly to a near-miss event the previous year, where a large tree fell on to a major road but did not cause any harm.
An administrative mechanism to record when near misses happen, investigate them thoroughly, identify where risks could be reduced, and implement changes to procedures to reduce those risks, is advisable.
Highway tree checks
UK highway authorities have millions of trees to manage, and it is now widely accepted that driven checks can be effective at picking up many obvious hazards.
However, observers cannot always see obvious hazards from the highway. The Warren inquest and subsequent PFD report focused on the inadequacies of driven checks and noted that they must be properly designed and carried out by staff trained in the identification of tree hazards.
It is therefore unlikely that such checks would be deemed adequate as the sole means of managing the safety of highway trees; but they would be acceptable as part of a wider regime that also involved checks carried out on foot.
Feedback for DEFRA H&S task force for ash dieback
Since 2017 John Lockhart FRICS has represented RICS and the National Tree Safety Group (NTSG) on DEFRA's H&S task force for ash dieback. Last autumn, in his role as non-executive director on the Forest Services Board, John was asked by DEFRA to chair a taskforce to look specifically at the road closure issues associated with ash dieback.
The task force comprised key stakeholders across central government, local government and landowner groups. It was determined that the group would review the issues associated with closing roads to deal with dangerous trees, and not other issues such as tree preservation orders (TPOs), felling licences and protected species licences. The scope was defined to consider barriers for both private landowners and local authorities and to obtain examples of best practice that can be used to guide future policy for England only. The final report has now been released and copies are available.
The task force would also be happy to receive any feedback from members in relation to this issue which will undoubtedly be one of the key challenges for rural property over the next decade. For the report and to provide feedback, email Fiona Mannix.
Jeremy Barrell is managing director of Barrell Tree Consultancy and an accomplished expert witness
Contact Jeremy: Email | Twitter
A full version of this article appeared as 'The implications of recent English legal judgments, inquest verdicts, and ash dieback disease for the defensibility of tree risk management regimes' in Arboricultural Journal, © 2021 Jeremy Barrell, published by Informa UK Limited, trading as Taylor & Francis Group.
Related competencies include: Management of the natural environment and landscape
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The town of Stamford, Lincolnshire has been part of a variety of parliamentary constituencies down the years, as a result of boundary changes.
Stamfordian property owners who were eligible to vote - men who met the forty shillings requirement (Forty Shilling Freeholder Act) also had the franchise for the county MPs.
Those who owned property in other places might have had additional votes, as would graduates of the universities.
Stamford is a city in Fairfield County, Connecticut, United States. According to the 2010 census, the population of the city is 122,643. As of July 1, 2014, according to the Census Bureau, the population of Stamford had risen to 128,278, making it the third largest city in the state and the seventh largest city in New England. Approximately 30 miles from Manhattan, Stamford is in the Bridgeport-Stamford-Norwalk Metro area which is a part of the Greater New York metropolitan area.
Stamford was known as Rippowam by the Native American inhabitants to the region, and the very first European settlers to the area also referred to it as such. The name was later changed to Stamford after the town Stamford, Lincolnshire, England. The deed to Stamford was signed on July 1, 1640 between Captain Turner of the New Haven Colony and Chief Ponus. By the 18th century, one of the primary industries of the town was merchandising by water, which was possible due to Stamford's proximity to New York.


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What Is a Ponzi Scheme Bernie Madoff Scandal Explained
What Are the Main Differences Between a Ponzi and Pyramid Scheme?
Why is it called a Ponzi scheme?
Is bitcoin a Ponzi scheme?
Ponzi Scheme vs. Pyramid Scheme
Investors should be suspicious of cases where they don't receive a payment or have difficulty cashing out. For schemes that promise rewards based on enrolling ever larger numbers of people, see Pyramid scheme. Mark's objective is to continue bringing in new investors so he can redistribute the money he receives from one investor to another leading them to believe they are making money.
This is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers. Pyramid schemes promise members financial returns and dividends or services if they recruit other members. Members market the scheme in order to grow the different levels of investors which may or may not include the purchase of products or services. In Ponzi best crypto news sources schemes, early investors are paid by new investors, but there's only one person recruiting victims. Nobody is paid to recruit new salespeople, and investors aren't expected to purchase any inventory or go door-to-door trying to sell products. Rather than an entrepreneur-focused get-rich-quick scheme, Ponzi schemes are based on fraudulent investments in passive assets.
He was arrested on August 12, 1920, and charged with 86 counts of mail fraud. Hedge funds aren't like exchange-traded funds , index funds, or mutual funds that are only able to invest in select, relatively liquid assets. They are unregulated firms that can invest in riskier assets, such as derivative investments like mortgage-backed securities and other value swaps. These postal reply coupons were designed as a way for international mail senders to send recipients return postage. When a postal reply coupon was received, it could be exchanged for postage stamps issued by the recipient's country. A Ponzi scheme is a form of fraud in which investors are attracted to an opportunity by someone they believe to be a highly regarded investing professional.
Insider's experts choose the best products and services to help make smart decisions with your money (here's how). In some cases, we receive a commission from our partners, however, our opinions are our own. The series chronicles Madoff's rise to power and the poor oversight that allowed the scam to flourish. So far, only $14 billion in recovered funds has been distributed to victims so far, per ABC News, and the fallout of Madoff's fraud is still felt today.
References to products, offers, and rates from third party sites often change. While we do our best to keep these updated, numbers stated on this site may differ from actual numbers. We may have financial relationships with some of the companies mentioned on this website.
Successful investing is the art of balancing risk and reward as a result of detailed fundamental and technical knowledge of the asset you're investing in. Scammers in charge of these schemes generally can't provide accurate documentation and couldn't keep up with regulatory filing requirements if they wanted to. Any reasonable investor knows that when you make an investment, money can be lost and it can be gained. Anybody who tells you otherwise is either delusional or trying to scam you.
Ponzi schemes are a relatively common way for scammers to get one over on investors, and when they happen, the cost is often tremendous. Although Madoff was caught and convicted, many of his victims were financially ruined because of his actions. One of the most common investing frauds — the one that made Bernard Madoff infamous in the United States and around the world — is known as the Ponzi scheme.
Financial StatementsFinancial statements are written reports prepared by a company's management to present the company's financial affairs over a given period . Coverage of the latest true crime stories and famous cases explained, as well as the best TV shows, movies and podcasts in the genre. Sign up forOxygen Insiderfor all the best true crime content. Word of this scheme spread thanks to the initial investors who were being kept happy, and others from around the country were soon brought in to invest, while Ponzi was raking in millions and making a name for himself. Bernie Madoff climbed the ladder to make it to places even some of the most well-respected experts on Wall Street could only dream of.
Barry gives Adam $1,000 with the expectation that the value of the investment will be $1,100 in one year. In 2008, Bernard Madoff was convicted of running a Ponzi scheme that falsified trading reports to show a client was earning a profit on investments that didn't exist. Under the heading of his company, Securities Exchange Company, he blackvpn review promised returns of 50% in 45 days or 100% in 90 days. The term "Ponzi Scheme" was coined after a swindler named Charles Ponzi in 1920. However, the first recorded instances of this sort of investment scam can be traced back to the mid-to-late 1800s, and were orchestrated by Adele Spitzeder in Germany and Sarah Howe in the United States.
Safemoon is a cryptocurrency; however, it is a speculative investment that involves extreme risk.
In a Ponzi scheme, the schemer acts as a "hub" for the victims, interacting with all of them directly.
Thanks to the initial flow of money, by the time it takes investors to figure out what's going on, it's too late.
A Ponzi scheme begins with the scammer luring an initial circle of investors with some asset or complicated investing plan that promises incredibly high returns with very little risk.
He had built a massive fund the market valued at $60 billion and he was living the high life.
Unfortunately, many schemes are run by unlicensed "gurus" who take advantage of unsuspecting investors. If the financial advice you're being given is being provided by an unlicensed provider, chances are you should turn and run. Many licensed financial professionals — including all investment advisors registered with the U.S.
The ultimate investment fraud that scammers have been taking advantage of since the early 1900s, the scheme has resulted in the loss of billions of dollars. Due to the fluctuations in postage prices, it wasn't unusual to find that stamps were pricier in one country than another. Ponzi saw an opportunity in the practice and decided to hire agents to buy cheap international reply coupons on his behalf then send them to him. He exchanged the coupons for stamps, which were more expensive than what the coupon was originally bought for. The stamps were then sold at a higher price to make a profit. This type of trade is known as arbitrage, and it's not illegal.
This Ponzi crypto app dupes people by offering high returnsMany bank customers are currently being conned by a bitcoin Ponzi programme that promises them big profits. As a market maker who bought and sold stocks as a veritable middleman, Madoff took off in the '70s and '80s, and for his above-board endeavor, he hired his brother Peter and, later, his sons Mark and Andrew. He also partnered with accountants Frank Avellino and Michael Bienes, who had taken over Alpern's business and became the first of many feeder funds into Madoff's off-the-books advisory hustle. They brought Madoff boatloads of cash to invest, making Madoff immensely rich. A Ponzi scheme is investment fraud that pays early investors with money collected from later investors.
Ponzi lined up investors, telling them they'd see returns of 50 percent within just days. Those he roped in would give him cash, and Ponzi initially delivered big on the returns promise. Ponzi had the idea to buy postal coupons for a low price abroad and send them to America, where he could trade them in for U.S. stamps that were worth more, and then sell those stamps. The fortmatic wallet con artist used his contacts in Italy to buy the postal reply coupons, and was coming out ahead financially, CNN reports. U.S., he started looking for a way to make a lot of money fast, and turned to the postal system. The investment scheme is named after Italian-born businessman and con artist Charles Ponzi, who swindled victims in the U.S. with a postage voucher scam.
Read More on Bernie Madoff
If you believe you are a victim of financial fraud, you should gather all information, checks, and documentation possible and speak with an experienced attorney. You can also contact your state attorney's office and the Securities and Exchange Commission. This material may not be published, broadcast, rewritten, or redistributed. Quotes displayed in real-time or delayed by at least 15 minutes. He had built a massive fund the market valued at $60 billion and he was living the high life.
"Most victims tend to be friends and family members, sadly," he says. Kane also says they can devastate small communities that are often built on trust, having worked with a number of church congregations that have fallen victim to a Ponzi scheme. Get the latest tips you need to manage your money — delivered to you biweekly. "No one sees this as a great loss," said Jerry Reisman at the time, an attorney who represented a number of Madoff's victims. "No one is going to mourn Bernie Madoff. They are happy they have survived him." Madoff was also instrumental in launching the Nasdaq, the first electronic stock exchange, in the 1970s and he even worked with the Securities and Exchange Commission on the project, per The Guardian.
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