Budget 2005 & Units for Sale
14 October 2004

To All Partners

We are pleased to report as follows:

2005 Budget
Please find enclosed a copy of the draft Budget for next year. 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 reduced sum estimated as needed from you next year, due to 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 less needed next year.

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 Six Hills these figures are currently $7,239 and $10,900.

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