_Economy and Finance

Jersey Property Unit Trusts January 2008 Unit Trusts A Unit Trust is a legal structure where the legal ownership of trust assets is held by a Trustee on trust for the benefit of unitholders. Unit Trusts may be established in Jersey subject to the provisions of the Trusts (Jersey) Law 1984. Under Jersey law, a Unit Trust must be constituted by a written trust instrument. The Unit Trust instrument sets out the terms on which the Trustee holds the Unit Trust assets.

From http://www.novatek.ru/eng/news_center/clas/ Russian Classification of Reserves The estimation of reserves of natural gas, gas condensate and crude oil can be broken down into two components: (i) geological reserves, or the quantities of natural gas, gas condensate and crude oil contained in the subsoil and (ii) extractable reserves, or the portion of geological reserves whose extraction from the subsoil as of the date the reserves are calculated is economically efficient given market conditions and rational use of modern extraction equipment and technologies and taking into account compliance with the requirements of subsoil and environmental protection.

Blls and coins Description Clipart of bills and coins Date January 16, 2008 Source Wikimedia Commons Author Unknown (original PNG). This vectorization by Mysid Camera location . Permission Public Domain Licensing The copyright holder of this work has released this work into the public domain. This applies worldwide. In some countries this may not be legally possible; if so: The copyright holder grants anyone the right to use this work for any purpose, without any conditions, unless such conditions are required by law. From Wikimedia Commons http://commons.wikimedia.org/

Harry Macklowe’s $6.4 Billion Bill By CHARLES V. BAGLI and TERRY PRISTIN Published: January 6, 2008 IN August 2003, Harry B. Macklowe raced from lender to lender to round up a record-breaking $1.4 billion to buy the General Motors Building, the 50-story commercial skyscraper in Midtown Manhattan that is one of New York’s trophy properties. http://www.nytimes.com/2008/01/06/business/06harry.html

Weak dollar boosts Frankfurt property demand - CBRE By Peter Starck FRANKFURT | Fri Nov 9, 2007 9:33 am EST Nov 9 (Reuters) - The weak dollar is boosting demand for real estate in Frankfurt, Germany's financial capital, as U.S. investors chase less risky assets, property consultancy CB Richard Ellis (CBG.N) said. (Read More: Weak dollar boosts Frankfurt property demand - CBRE )

An introduction to Jersey property unit trusts (JPUTs) 25 October 2007 http://tax.practicallaw.com/0-378-8553 Nick Kershaw of Ogier explains what Jersey property unit trusts (JPUTs) are, how they are established and why they are used for holding UK property. This practice note considers the current advantages of using JPUTs and contains a table comparing and contrasting JPUTs with UK real estate investment trusts (REITs).

Chile's Mining Industry Throughout Chile’s history, mining has consistently been a leading industry in the country. The 1990s marked the beginning of a boom in Chile’s mining industry, especially in copper mining, principally due to FDI in the sector. In this time period Chile had one of the fastest growing economies in the world and mining accounted for 8.5% of the GDP and 47% of exports (source: Encyclopedia of the Nations). Thanks to continual amendments of the mining industry framework and an investor-friendly environment, the industry is still strong and profitable for investors. Moreover, the ongoing establishment of new technologies, including those aiming to take better care and advantage of Chile’s natural resources, promises the mining sector will continue to prosper in years to come.