Receipts from sales of Indian timber totaled a record high of $15.9 million in Fiscal Year 1967, which ended last June 30, the Department of the Interior's Bureau of Indian Affairs announced today.
This was an increase of nearly $1.6 million over Fiscal Year 1966, which was itself a record year, with an increase of $2 million over Fiscal Year 1965.
The Bureau also reported that in the last five years, the volume of Indian timber cut increased by 258 million board feet and stumpage receipts increased by $7.6 million, as shown by Fiscal Year 1967 and 1962 totals.
In Fiscal Year 1967, increased timber sale activity in the Billings, Mont. area returned more than double the income of the previous year. Unfortunately, this was not the case in California, where market conditions resulted in volume cut being less than half the Fiscal Year 1966 harvest.
Fiscal Year 1967 also reflected income from the first large Indian timber sale in Alaska, on the Annette Islands Reserve in the Juneau area, and sales from public domain allotments in the Haines area.
The volume harvested in Fiscal Year 1967 was slightly less than the previous year; 803 million board feet compared to 848 for Fiscal Year 1966.
However, good market conditions in most areas provided for the increased income.
