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Treelord Treaty
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Treelord Treaty Makes Native New Zealanders Lords of Forests
Under the Treelord Treaty signed today, seven of New Zealand's native tribes will now own huge areas of New Zealand forest land. Addressing past injustices with tangible penances, New Zealand has transfered 435,000 acres of land holding large commercial pine plantations in exchange for NZ $420 million (US $319 million). The current pine plantations generate NZ $13 million a year in rent.
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