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Salient. Victoria University Student Newspaper. Volume 33 No. 4. 7 April 1970

Canterbury Students Turn Lumberjacks?

Canterbury Students Turn Lumberjacks?

The University of Canterbury Students' Association is to go into the forestry business.

The proposition is for students to plant and mill pines on a 500—acre forest near Mount Hutt. The land is being transferred from the Crown to the Forest Service, and is to be leased by the Students' Association. Payment will be made by royalties on timber sold and the government will provide aid—50% of development costs.

The scheme has the backing of the Minister of Forests (Mr Maclntyre) and the University's new School of Forestry.

The Forestry scheme is regarded as a long-term investment, the first income coming in about 8-10 years. But the forested land would be regarded as an asset on which a loan could be raised if needed.

Capital outlay over the first six years is estimated at $19,000, but the project could bring in over $500,000 in 25 years. The Association envisages operation by student labour, payment going to clubs or individuals.