Forestry Act, 1988

General duty of the company.

13.—(1) It shall be the general duty of the company—

(a) to conduct its affairs so as to ensure that revenues of the company are not less than sufficient to—

(i) meet all charges properly chargeable to revenue account (including depreciation of assets and proper allocation to general reserve) taking one year with another,

(ii) generate a reasonable proportion of capital needs, and

(iii) remunerate capital and repay borrowings,

(b) to conduct its business at all times in a cost effective and efficient manner,

(c) to have due regard to the environmental and amenity consequences of its operations, and

(d) to provide for consultation with the Minister for Finance concerning forestry development in areas of scientific interest.

(2) Nothing in section 12 or this section shall be construed as imposing on the company, either directly or indirectly, any form of duty or liability enforceable by proceedings before any court to which it would not otherwise be subject.