FORESTRY.

Franklin Times, Volume 14, Issue 259, 31 July 1925, Page 6

FORESTRY.

AUCKLAND ENTERPRISE. N.Z. TIMBKH I.ANhS, LTI>. An afforestation company which lias recently hccn started in Auckland is New Zealand Timber Lands, Limited, whose adycrlisement appears elsewhere. The directorate is composed of well-known Auckland businessmen, headed by Mr Lrnesl Craty as chairman. and il is claimed Ihal this should iuleresl beyond any doubt the confidence of the in yes I in.ii' public.

For those lakin.ii' up bonds in N.Z. Timber Lands. Limited, the Cuardian Trus! Company .South British Insurance Company'’ aids as trustees. N.Z. Timber Lunds. Lid., slate that in (lie case of death any lime after si.y months from the purchase of one oI these bonds and before the bond is fully paid, the bend will be credited as I'ully paid by the company, and no further paymenl whatever will be re<|uired. Aii.ain, in the case of sickness. accident or unemployment. Ibe company will at its decision keep the

bond alive by advancing to the bondholder. The bond ought to he easily negotiable, and the purchasers of bonds should in 3, 10 or 13 years he able to realise as their table will show: On being planted, at 3 years, £('><): at 10 years, £123: at 15 years, £200: at 20 years, £300; at 23 years, £750: at 30 years, £930. The company points out that a purchaser of one of these bonds will actually own the acre of land at the end of the period, as well as the trees thereon, and it is practically certain that the present railway will he extended from Rotorua to Taupo within the next three or four years, and as it will pass the company’s property, it should make the land very much more valuable.