Chronicle Herald Staff
Freeman and Son of Greenfield will be giving the Nova Scotia government forestry land in exchange for debts owed.
The Nova Scotia government is picking up 3,242 hectares of forestry land in western Nova Scotia in exchange for debts owed the province by family-owned lumber company Freeman and Son of Greenfield.
The land, in 19 blocks scattered across Kings, Lunenburg, Shelburne, Queens, and Annapolis counties, is owned by the long-time Queens County sawmiller.
Natural Resources Minister Lloyd Hines said Wednesday the properties are productive forest lands and have been rigorously evaluated by government as well as an independent appraiser for a fair market value of about $3.6 million.