UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                  ------------

                                  SCHEDULE 13G

                                 (Rule 13d-102)


             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
          TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
                             PURSUANT TO RULE 13d-2


                 Pope Resources, A Delaware Limited Partnership
         ---------------------------------------------------------------
                                (Name of Issuer)


                            Limited Partnership Units
         ---------------------------------------------------------------
                         (Title of Class of Securities)


                                    732857107
         --------------------------------------------------------------
                                 (CUSIP Number)


                                  March 3, 2009
         --------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)


      Check the appropriate box to designate the rule pursuant to which the
Schedule is filed:

      [ ] Rule 13d-1(b)

      |X| Rule 13d-1(c)

      [ ] Rule 13d-1(d)


- -------------------------------------------------------------------------------- CUSIP NO. 732857107 SCHEDULE 13G Page 2 of 6 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Stafford Timberland V Investment Nominee Ltd. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| Not Applicable. - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United Kingdom - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 269,355 ----------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 269,355 WITH: ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 269,355 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.78% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON CO - --------------------------------------------------------------------------------

- -------------------------------------------------------------------------------- CUSIP NO. 732857107 SCHEDULE 13G Page 3 of 6 - -------------------------------------------------------------------------------- Item 1(a). Name of Issuer: Pope Resources, A Delaware Limited Partnership Item 1(b). Address of Issuer's Principal Executive Offices: 19245 10th Avenue NE, Poulsbo, Washington 98370 Item 2(a). Name of Person Filing: Stafford Timberland V Investment Nominee Ltd. Item 2(b). Address of Principal Business Office: 49/50 Eagle Wharf Road London N17ED United Kingdom Item 2(c). Citizenship: United Kingdom Item 2(d). Title of Class of Securities Limited Partnership Units Item 2(e). CUSIP Number: 732857107

- -------------------------------------------------------------------------------- CUSIP NO. 732857107 SCHEDULE 13G Page 4 of 6 - -------------------------------------------------------------------------------- Item 3. If this statement is filed pursuant to rule 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) ___ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) ___ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) ___ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) ___ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) ___ An investment adviser in accordance with ss. 240.13d-1(b)(1)(ii)(E); (f) ___ An employee benefit plan or endowment fund in accordance with ss. 240.13d-1(b)(1)(ii)(F); (g) ___ A parent holding company or control person in accordance with ss. 240.13d-1(b)(1)(ii)(G); (h) ___ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ___ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) ___ A non-U.S. institution in accordance with ss. 240.13d-1(b)(1)(ii)(J); (j) ___ Group, in accordance with ss. 240.13d-1(b)(1)(ii)(K). Item 4. Ownership (a) Amount beneficially owned: 269,355 (b) Percent of class: 5.78% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 269,355 (ii) Shared power to vote or to direct the vote: -0- (iii) Sole power to dispose or to direct the disposition of: 269,355 (iv) Shared power to dispose or to direct the disposition of: -0-

- -------------------------------------------------------------------------------- CUSIP NO. 732857107 SCHEDULE 13G Page 5 of 6 - -------------------------------------------------------------------------------- Item 5. Ownership of Five Percent or Less of Class Not Applicable. Item 6. Ownership of More Than 5 Percent on Behalf of Another Person The Reporting Person is the nominee of Stafford International Timberland V Fund Limited Partnership and Stafford International Timberland V Trust, investment vehicles that collectively comprise the Stafford International Timberland V Fund. Stafford International Timberland V Fund Limited Partnership and Stafford International Timberland V Trust have the right to receive the distributions paid with respect to, and the proceeds of sales of, the limited partnership units of the Issuer described in Item 4(a) of this Schedule 13G. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person Not Applicable. Item 8. Identification and Classification of Members of the Group Not Applicable. Item 9. Notice of Dissolution of Group Not Applicable. Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

- -------------------------------------------------------------------------------- CUSIP NO. 732857107 SCHEDULE 13G Page 6 of 6 - -------------------------------------------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Stafford Timberland V Investment Nominee Ltd. By: /s/ Vince Cao ------------------------------------ Name: Vince Cao ------------------------------------ Title: Director ------------------------------------