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The is established the North New Georgia Timber Corporation the principal object of which shall be to promote the utilisation of the timber resources of North New Georgia for the public benefit. There shall be a Board of Directors of the Corporation. For purposes of this Act, all ownership of timber standing on customary lands within North New Georgia shall be transferred to the Corporation (sect. 4). Compensation for the acquisition of rights shall be effected in accordance with section 5. The Functions of the North New Georgia Timber Corporation are set out in section 6. The Corporation shall issue felling licenses, control felling, encourage afforestation, encourage creation of funds for the financing of projects, etc. Powers of the Corporation are set out in section 7. The tribal land area known as Qamese land area and defined in the First Schedule shall be excluded from the workings of this Act but shall be included on later date through and amendment of the present Act (sect. 17). (18 sections completed by 4 Schedules)
Amended by: North New Georgia Timber Corporation (Amendment) Act 1980 (No. 4 of 1980). (1980)
Amended by: North New Georgia Timber Corporation (Amendment) Act 1984 (No. 9 of 1984). (1984-06-02)