British Columbia settles with Timberwest.BRITISH COLUMBIA British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography SETTLES WITH TIMBERWEST. Timberwest Forest Corp., Vancouver Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia, Canada received C$ 14 million (US$ 10.9 million) from the Province of British Columbia as an out-of-court settlement An agreement reached between the parties in a pending lawsuit that resolves the dispute to their mutual satisfaction and occurs without judicial intervention, supervision, or approval. for the 1995 expropriation The taking of private property for public use or in the public interest. The taking of U.S. industry situated in a foreign country, by a foreign government. Expropriation is the act of a government taking private property; Eminent Domain is the legal term describing the of timber harvesting rights in the Walbran Valley and Hitchie Creek areas for park creation purposes under the Park Amendment Act, 1995. This amount will be accounted for as an extraordinary item for the quarter ending September 30, 2004, will be included in distributable cash for the period and will be used to pay down debt. |
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