The Simon / South wager concerned timber prices.
Simon died before the agreed-upon date of the end of the bet, by which time timber prices had risen further.
Australia is suffering from a decline in wool prices; Canada bears the pain of lower coal and timber prices.
But officials acknowledge that the pace of logging has recently picked up as timber prices soar.
The difference in the return was due to the increase in timber prices over the years.
The abundance of old logs, together with rising timber prices, convinced Mr. Mitchen that a forgotten treasure was waiting in the water.
Wildlife drops down the agenda when timber prices are high, only to rise up again when a more sympathetic minister is holding the reins.
This equates to three times the average annual felling and this has already led to 30% lower timber prices.
This suppresses timber prices, strips natural resources and tax revenues, and increases the poverty of indigenous people all over the world.
However a collapse in timber prices in the early 1920s caused many mills to close and logging operations around New Yarmouth declined.