NEWSPRINT PRODUCT.
PROMOTION IN AUSTRALIA.
(United Press Association—Copyright.) SYDNEY, July 27.
The shareholders of Associated Newspapers, Ltd., to-day unanimously approved the decision of the board of directors to invest £IOO,OOO in the company promoted for the production of newsprint from a forest concession of 350,000 acres in Tasmania. It was announced that newspaper companies in Australia have already provided £600,000 toward the £1,000,000 working capital required for the project. It is anticipated that the company will supply the needs of Australian papers for 100 years.
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https://paperspast.natlib.govt.nz/newspapers/AG19370728.2.64
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Ashburton Guardian, Volume 57, Issue 245, 28 July 1937, Page 6
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85NEWSPRINT PRODUCT. Ashburton Guardian, Volume 57, Issue 245, 28 July 1937, Page 6
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