The year is moving quickly by. We have successfully completed the Carbon Credit Proposal which really is a bureaucratic’s dream. The price of carbon has plummeted and we were left wondering why we bothered. However it needed to be done and let’s hope that the price improves so that we may be able to do something with the carbon credits in the not too distant future.
We have also had the Statutory Supervisor rename itself to “Foundation Corporate Trust”. The management team is essentially the same as those involved with Perpetual Trust so we are not expecting any major problems during the transition.