TIMBER DEMAND FOR CAMPS.
ALL SAWMILLS KEPT BUSY. HAMILTON. Thursday. "All North Island sawmills have been busy supplying Government needs for camps and other military requirements," said Mr. A. L. Tompkins, chairman of directors of the Bartholomew Land and Timber Company, Limited, at the annual meeting of the company to-day. A bonus of 1 per cent had been paid to shareholders In addition to the usual dividend. The chairman added that the military requirements had been for both high and low ;rade timber. Forestry companies and the military authorities had absorbed a large number of timoer workers, and experienced men were hard to secure. The company's plant had been weU maintained. -And reserves of capital, had been increased. '■'.Mr. J. A. Gentles was re-elected a director. ISLAND TRADING IN WAR. BURNS, PHI LP (SOUTH SEA), LTD. Burns, Philp (South Sea) Co., Ltd., has reduced the Interim dividend to 6d a share. Last year's interim dividend was 7d a share and the final payment 8d a share, the total being equal to 6V* per cent. The directors' half-yearly report states that .with the British Government holding about a year's supply of copra and the over-supplied Mexican market the only other market available, the value of copra has been below cost of production for some time. Many plantations and trading stations have either curtailed production or closed down. Several of the company's inter-island ships have been laid upk ■-'■ r ■ ■ In the sugar and mining districts, merchandise operations have been satisfactory and/ sundry island products continue to find a moderate market in Australia, New Zealand and the United States. Revenue from the company's Investments remains steadywm. cabllTdividend. Wm. Cable, Ltd., of Wellington, announce a preference dividend of 3>i per cent for the hallyear ended September 30, payable on October 35, free of social and national security taxes. BRITAIN'S EXPORTS STEADY. LONDON, September 36. The export of United Kingdom goods In -August was valued at, £33,554,739 sterling, compared with £31,189,344 In July and £37,076,974 a year ago. Imports . totalled £35.019,856, compared with £87.007,530 In the previous month and £81,073,118 In August last year. Re-exports In these periods were, respectively, £1,391,968 and £1,819,284 and £4,488,380.
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Auckland Star, Volume LXXI, Issue 230, 27 September 1940, Page 4
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360TIMBER DEMAND FOR CAMPS. Auckland Star, Volume LXXI, Issue 230, 27 September 1940, Page 4
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