Budget 2005 & Units for Sale
12 October 2004

To All Partners

We are pleased to report as follows:

2005 Budget
Please find a copy of the draft Budget for next year enclosed. It is with the Committee, Landowners, the Forestry Consultant and the Accountant for comment, so we thought you should have it too. You will note the low sum estimated as needed from the Partners next year, due to the likelihood of a healthy surplus to hand. We over-estimated the sums we would require this year and last year for pruning & thinning. Sorry for that, but it does mean there will be nothing requested until mid 2005.

Units for Sale
There are still a few units of the Partnership capital for sale. If you would like to make an offer, please do so through us. For some guidance as to value, see our 'Units for Sale' page.
There we list the sum per unit invested to date for all our partnerships and we give what amounts to our 'recommended retail price'. For Amuri Hills these figures are currently $7,557 and $11,300.

Kind regards,
Charles Etherington,
Manager
Warren Forestry Ltd

Warren Forestry Ltd, New Zealand forestry investment provider
Warren Forestry Ltd, New Zealand forestry investment providerWarren Forestry Ltd, New Zealand forestry investment providerWarren Forestry Ltd, New Zealand forestry investment provider