HIGHER PAPER PRICES
TASMANIAN CO.’S MOVE Associated Pulp and Paper Mills, Limited, of Burnie, Tasmania, has increased the prices of its products since the outbreak of war in Europe to the level which the company advised the Tariff Board it was intended to lift them if the protective duty applied for was granted in full.
Announcing this at the annual meeting of shareholders in -Melbourne, the chairman, Sir Walter MassvGreene, said it was estimated that the increased price would give shareholders a reasonable return on capital and enable provision to be made for reserves and amortisation.
The chairman outlined the difficulties under which the commercial manufacture of paper from eucalyptus pulp had been begun. Gradual and continuous improvement had been shown, however, and while the output had increased, costs had fallen. In a recent four-weekly period the company had obtained a daily output of finished paper of about 40 tons, which should rise to GO tons as soon as the auxiliary plant had been run in. The company would probably have to carry considerably larger stocks than had been expected, while the extra output would call for the use of more working capital.
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20044, 16 September 1939, Page 11
Word Count
193HIGHER PAPER PRICES Gisborne Herald, Volume LXVI, Issue 20044, 16 September 1939, Page 11
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