Horowhenua 9A10A:      
  Land          
  Total  ha      
    Forest  ha      
    Other        
  Shares          
  Total        
  Lakeview      
  Others      
  The analysis below sets out the basis of calculating the area to be offered as consideration for the cancellation of the Lakeview shares in the Trust on the basis of a user-defined premium being placed of the forest land, all of which would go to Lakeview.  
  Partition analysis        
  Total      ha  
  Others    ha  
  Lakeview    ha  
  Consider premium for forested land    
  Forest  ha      
  Premium  %  
  Equivalent  ha      
             
  Pro rate Lakeview - Total    ha  
  Deduct: Forest equivalent    ha  
  Non-forest area      ha  
             
   
  Lake view Forest      
    Other      
    Total area      
  Retained by others