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–commission faces cash situation after $$$ transfer to Consolidated FundThe new Board of Directors for the Guyana Forestry Commission (GFC) has started meeting. A number of major issues are being dealt with.Among these are the budget of that forest regulatory and a State Forest ExploratoryMr Su Rong (r) and Mrs. Rong of Rong-an Inc.Permit (SFEP) granted to Chinese-owned Rong-an Inc. in 2011.According to officials close to the board, since their appointment earlier this year, directors have met and a number of pressing issues have been raised.GFC is the body that monitors activities in the forestry sector but with increased focus on transparency and management, there have been scathing criticisms of the operations.Recently, government disclosed that all of the country’s productive forests have been allocated, the majority to foreign companies. What is left is in highly inaccessible places and in reserves.There have also been complaints also that several large concessions were re-possessed under questionable circumstances from holders and sold, transferred or became joint ventures with companies that were largely close to the previous administration.One questionable transaction is being examined by new GFC board headed by Chairperson, Jocelyn Dow.It has to do with a 2011 granting of a state forest exploration project (SFEP) to Rong-an, a Chinese company that also has interests in oil exports and imports, gold mining and housing.The concession, some 57,000 hectares, is located on the right bank in the Upper Berbice River area.GFC board members said that they became aware of it through notices by the Environmental Protection Agency (EPA) in the local newspapers.Rong-An, in an EPA application for an Environmental Authorisation, said that it wants to sink US$50M in investments in Guyana with US$20M in the forestry sector.Rong-An’s compound and its pontoon at Kwakwani, Upper Berbice River. Photo was taken in August 2014.The company was seeking rights to harvest timber in the productive areas of the concessions, to extract around 40 cubic meters of lumber daily and transfer this to the Kwakwani water front area where the company has a large log depot.Rong-An in its EPA application is planning for the operation to have a lifespan of up to 50 years with an additional 80 persons employed when it receives the permission.However, GFC board members are querying why the commission did not seek to take away the concession from Rong-An as its three-year life span for the permit had elapsed.According to board officials, GFC’s management is claiming that Rong-an had applied for an extension. The problem is that extensions on time are not allowed for exploratory permits in the forest.It has raised startling questions.A flyover in the Berbice area back in August 2014 found that there were logs in a riverside compound at Kwakwani,Jerseys NFL Cheap, Berbice River, and a large pontoon alongside.Meanwhile, GFC’s finance situation is also a matter being considered by the new board.It was explained that the commission shortly before the May 11 General Elections had hundreds of millions of dollars in its accounts but was ordered by the David Granger administration to transfer these into Government’s main account- the Consolidated Fund.While in opposition, the coalition had queried why a number of state bodies were holding on to billions of dollars without transferring these to the fund, which is monitored by the National Assembly.GFC was one of the bodies under scrutiny. Millions were transferred from GFC’s reserves last year.According to board officials, GFC’s management is claiming that it is cash strapped and will likely have to receive a cash injection to run its operations. In the past, it appeared, GFC would dip into its reserves to meet expenses.This year, GFC’s budget is around $1.3B, with $800M alone coming from taxes from log exports. The rest is coming from royalties, acreage fees and licensing.The board has asked Commissioner James Singh, whose contract has been renewed to this year-end, for reports on a number of issues,Cheap Authentic Jerseys, including Rong-an and the finances of GFC.With Guyana’s forests tied to Norway’s US$250M,Neues Bayern Trikot 2018/19, there has been tighter monitoring of the country’s forests with the previous government saying that all was above board.Norway.In addition to Dow as chairperson, the other persons on the new board are marketing executive,Authentic NHL Jerseys, Troy Cadogan, as the Vice Chairman while members are Clayton Hall,Cheap Jerseys Free Shipping, Aaron Fraser, Vanessa Kissoon, Mr Khalawan- representatives of the Forest Producers Association and the Forest Producers Development and Marketing Council, the Op