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Liberia: House Finally Passes Firestone Agreement
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The NEWS (Monrovia)
27 March 2008
Posted to the web 27 March 2008
Benjamin B. Sworh
Monrovia
Members of the House of Representatives Wednesday passed into law the amended version of the Firestone agreement in Monrovia.
The lawmakers said they were enacting the Firestone agreement because it was done in the interest of the Liberian people.
They assured that they would seek the welfare of their people.
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The House's committees on Judiciary, Concession and Agriculture following a public hearing agreed to US$2.00 charged by government as rental fees per acre of land occupied by Firestone.
They acknowledged that the aggregate amount the Liberian Government would accrue is US$237,930.
They also resolved that the US$115,000 that Firestone will provide for education be divided as follows: 35% should be allotted for students of Margibi; 15% for students in Montserrado County, while the remaining 50% should cater to students throughout the county.
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