340. The Minister sets guaranteed annual volumes of timber for each agreement holder by reducing by a percentage the Minister determines the part of the volumes that exceeds(1) 100,000 cubic metres for species from the fir, spruce, jack pine, larch (FSPL) group; and
(2) 25,000 cubic metres for all other species or groups of species.
The volumes of timber referred to in this section are those to which the agreement holder would have been entitled on 1 April 2013 had the agreement not been cancelled.
The percentage by which the volumes are reduced may vary from one agreement holder to another depending on the species or groups of species concerned, the volumes of timber to which the agreement holder would have been entitled on 1 April 2013 had the agreement not been cancelled and the regions from which the timber comes.
The Minister makes public the reduction rates used to set the guaranteed annual volumes of timber to which each agreement holder is entitled.