Regulation increasing the industrialization incentive fee (FDA Regulation No. 16)

FORESTRY DEVELOPMENT AUTHORITY REGULATION NO. 16 REGULATION INCREASING THE INDUSTRIALIZATION INCENTIVE FEE WHEREAS, pursuant to Chapter 20, Stumpage and Forest Products Fees of the Revenue and Finance Law and Section 10.5 of the New Executive Law, charging the Forestry Development Authori ty and the Ministry of Finance to determine and regulate from time to time the rates and basis of the Liberian Forest Fees and Taxes; and WHEREAS, in 1981, 1982 and 1984 when there was a sharp decline in international demand and trade in logs wi th a consequent reduction of prices, the Government of Liberia in order to assist the timber trade during the period of depressed market and low prices, did lower the Industrialization Incentive Fees; and WHEREAS, the international timber trade has recovered from its five year slump, showing strong demand and reasonably higher prices for many export species of logs, and in conformity with the approved report of the Cabinet Committee on Forestry recommending a twenty (20) percent increase of the Industrialization Incentive Fees effective as of February, 1988 production; NOW, THEREFORE, the Forestry Development Authority together with the Ministry of Finance do hereby rule and regulate a twenty (20) per cent increase of Industrialization Incentive Fees (Section I, FDA Regulation # 11). The new rate of Industrialization Incentive Fees is as follows: Botanical Names 1. Entandrophragma utile 2. Tieghemelia heckelii 3. Entandrophragma cylindrium 4. Entandrophragma candollei 5. Entandrophragma angolense 6. Khaya ivorensis/anthotheca 7. Lovoa trichilioides 8. Heritiera utilis 9. Chlorophora Spp. 10. Guarea cedrata 11. Mansonia altissima 12. Guibourtia ehie 13. Triplochiton scleroxylon 14. Terminalia ivorensis 15. Aningeria robusta 16. Terminalia superba 17. Erythrophleum Spp. 18. Nesogordonia papaverifera 19. Brachystegia leonesis 20. Pychnanthus angolensis 21. Afzelia Spp. 55 Trade Names Sipo Makore Sapele Kosipo Tiama Acajou/Khaya Dibetou/Lovoa N-iangon Iroko Bosse/Guarea Bete/Mansonia Amazakoue Wawa/Obeche Framire Aningeria Frake Tali Danta/Kotibe Naga Illomba Doussie Rate US$ $58.56/m 3 24.96 21.84 15.72 15.72 15.72 15.72 15.72 7.68 7.68 7.68 6.72 6.72 6.72 6.72 2.76 2.76 2.76 2.16 2.16 2.16 22. Tetraberlinia tubmaniana 23. Distemonanthus benthamianus 24. Pterygota macrocarpa 25. Nauclea Spp. 26. Canarium schweinfruthii 27. Lophria alata 28. All other species EFFECTIVE DATE: Sikon Movinqui Koto Kusia/Bilinga Aiell~ Azobe/Ekki 2.16 2.16 2.16 2.16 1. 44 1.44 1. 44 This Regulation shall become effective as of February, 1988 produc~ tion and shall be announced in the public media. Sgd.: Shad G. Kaydea MANAGING DIRECTOR Sgd.: Shad G. Kaydea MANAGING DIRECTOR Sgd.: David Farhat MINISTER OF FINANCE Sgd.: David Farhat MINISTER OF FINANCE MONROVIA, LIBERIA MARCH 1, 1988 56