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Re Burke Praises MIS and supports Gunns' Pulp Mill   Message List  
Reply | Forward Message #1381 of 1388 |
Hi folks
Keep in mind that Gunns Ltd is simply a vehicle for the large GLOBAL
corporations to benefit from the gutting of our forests. Here's an index
list of Gunns Ltd investors:

2009 - May 29th. The New York investor in Gunns is Schroders.

2009 - January 10th. Gunns investors seek reforms. Perpetual, Concord
Capital (Macquarie Group), Perennial Investment Partners, Schroder
Investment Management. Those four institutional investors, which control
just under 50 per cent of the company's shares.

2008 - September 2nd. JP Morgan and Macquarie Bank are Gunns Ltd bankers.

2008 - September 2nd. Commonwealth Bank of Australia is a major shareholder
of Gunns Ltd.

2008 - June 17th. Deutsche Bank was a large shareholder of Gunns until
about 18 months ago. The bank divested its shares as a result of mounting
opposition and financial frailties of the company.

2008 - June 9th. ANZ Nominees Limited Cash Income Account

2008 - June 3rd. 100F (funds management) has now purchased over 5% of Gunns
Ltd to have become a major shareholder.



Perpetual Trustees. 1

2003 - PERPETUAL TRUSTEES AUSTRALIA RULES OUT QUITTING GUNNS STAKE.

2004 - Perpetual Trustees AGM. How can one differentiate between Perpetual
Trustees, Perpetual Group and Perpetual investments? "Perpetual has been a
major shareholder in Gunns Limited in the period to December 1996 and since
September 2001 and we continue to hold the stock based on its strong
financial performance and the returns it generates for our investors..".

2003 - October 20th. Under the Gunns.

2008 - December 6th. A shareholder in Gunns with a 3% stake in Fairfax.

ANZ. 11

2007 - November 21st - Day of Action against ANZ.

The interlinked controllers of capital and Gunns Ltd

Tasmania and other Australian states are now the new 'third world nations'.

The Fundamental Flaw in the Development Model of the World Managers. (i)
too large a share of the earnings on foreign investment flows out of the
country; (ii) resulting economic growth does not translate into local
employment, housing, education, medical services etc; (iii) inequality comes
to mean famine, epidemic and certain death for millions of people thus
inequality acquires the status of political crises; (iv) the poor countries
became significantly poorer between 1900 and 1970. Result: even some of
the most right-wing governments, in 1974, were embarking on a nationalistic
course designed to keep more of the profits earned by global corporations
inside the country and available for its most urgent development needs.
Example, Brazil.

'Global Reach - The Power f the Multinational Corporations' by Richard J
Barnet & Ronald E Muller. Publisher Simon and Schuster'. 1974. SBN
671-21835-2 Casebound. Pages 190. Chapter 8: 'The Power of the Poor'

and here's the context of this forest rape (download the mp3):

"I think most of us know that, and it's going to get very ugly, very soon,
and I want to say to you tonight, it's not the problem, it's actually just a
symptom of the problem. We're operating at 120% of the world's capacity and
planning to growth that a lot more."
The great disruption. Paul Gilding. 14th June 2009

http://www.abc.net.au/rn/backgroundbriefing/stories/2009/2592909.htm#transcript



Brenda


> 2. Burke Praises MIS - He also came out supporting Gunns Pulp Mill thi
> Posted by: "james jones" jj_371@... amisanthony
> Date: Tue Jun 30, 2009 5:08 pm ((PDT))
>
>
> Burke praises MIS
>
>
>
>
> David McKenzie (Weekly Times)
>
> July 1, 2009
>>
>
> RURAL leaders have launched a scathing attack against Federal Government
> praise for forestry managed investment schemes.
>
>
> Federal Agriculture Minister Tony Burke, who is also forestry minister,
> last week told federal parliament that MISs attracted a lot of investment
> to the rural areas.
> While
> recent MIS failures were "rightly" under scrutiny, "it should be
> recognised that forestry MIS has fostered significant investment in
> regional communities," Mr Burke said.
> But Victorian Farmers Federation president Andrew Broad said Mr Burke had
> ignored the full impact on the bush.
> "He might be technically right about the investment, but the question is:
> at what cost?" Mr Broad said.
> "MISs have decimated some rural communities and put trees on prime farm
> land at the expense of food production."
> Mr Broad said the tax concessions for MISs should be scrapped.
> "Anything
> that puts the family farm at a disadvantage is not what VFF stands for.
> All we're asking for is a level playing field."
> MIS critic and head of Sustainable Agricultural Communities Australia,
> Robert Belcher, said Mr Burke's comments were a "national disgrace".
> "If trees are so bloody good, why do tax-payers have to prop them up?"
> Mr Belcher said the Government was a captive of an "unholy alliance"
> between the forestry industry and the powerful Construction, Forestry,
> Mining and Energy Union, to push for plantation development.
> "I'm just appalled with the handling of this issue on both sides of
> parliament," he said.
> In his ministerial statement Preparing our Forest Industries for the
> Future, Mr Burke also:
> flagged
> a government review of the "most appropriate investment model" for
> forestry, once administration proceedings and two federal parliamentary
> inquiries into recent MIS collapses were completed;threw his support
> behind the controversial Gunns pulp mill proposal in Tasmania, pending a
> federal environmental tick;said the Government would push for carbon
> embedded in wood products to be recognised in world carbon trading
> rules.Peak timber and paper industry bodies - A3P, National Association of
> Forest Industries and Timber Communities Australia - all welcomed Mr
> Burke's statement.
> Australian Agribusiness Group director Tim Lee said MISs had created jobs,
> boosted regional development and put "quality assets" on the ground.
> At a NSW Farm Writers' lunch last week, Mr Lee said MISs were not all
> about up-front tax breaks and made an overall contribution to tax coffers.
>
>
>
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Wed Jul 1, 2009 11:24 am

rosserbj
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Hi folks Keep in mind that Gunns Ltd is simply a vehicle for the large GLOBAL corporations to benefit from the gutting of our forests. Here's an index list of...
Brenda Rosser
rosserbj
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Jul 1, 2009
11:25 am
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