PAPER MILLS OUTPUT
14,000 TONS OF BOARD
Mr G. W. Vallance, Australian Secretary, Whakatane Paper Mills, Limited, said at the annual meeting in Melbourne that travelling restrio tions prevented directors or executive officers from New Zealand attending the meeting. An address by the manging director,, Mr C*. H. Maclriey, at the - recent annual meeting in New Zealand was read. The company's cardboard mill, working round the clock—every day of the week, had difficulty in coprng. with the demand. Production for the calendar year to date was' almost 4000 tons more than the same jjeriod last year, and. the output fojr the current financial year should about 14,000 tons of finished board. It was estimated by Professor Coxbin, a diretor of the company, that there were 110,000,000 cubic feet of tiipber in the. company's two foresis. The annual growth was JO tinaes greater than current consumption. After providing £44,849 for depreciation, 'the net profit for the yenr was £40,582, compared with a loss of £13,180 for the previous year.
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https://paperspast.natlib.govt.nz/newspapers/BPB19430115.2.26
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Bay of Plenty Beacon, Volume 6, Issue 39, 15 January 1943, Page 5
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168PAPER MILLS OUTPUT Bay of Plenty Beacon, Volume 6, Issue 39, 15 January 1943, Page 5
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