Feb 08, 2008. /Lesprom.com/. TimberWest generated distributable cash of $55.4 million, or $0.71 per stapled unit, in Q4, 2007 and $90.3 million, or $1.16 per unit, for the year overall. This compares to $27.5 million, or $0.35 per unit, in Q4, 2006 and $103.8 million, or $1.34 per unit, in the year 2006. A large, $64.7 million conservation land sale this quarter helped to offset a challenging year in core forestry business. "Conditions in the fourth quarter continued to be difficult in both our timberland and sawmill businesses," said President and CEO Paul McElligott. "As in Q3, we faced weak markets in the US, oversupplied markets in Japan, a strong Canadian dollar and escalating contractor costs." With both prices and margins depressed this quarter, the Company scaled back its private land harvest to 212 thousand cubic metre. This represents approximately 30% of average historic fourth quarter volumes at TimberWest. The private land harvest for the year was 2.2 million cubic metre, which was approximately 500 thousand cubic metre lower than 2006. TimberWest Forest Corp. is uniquely positioned as Western Canada's largest private land management company.