AUCTION SALE OF SAWMILLING PROPERTY.
The announcement of a sale of a valuable sawmilling property in the Hokitika District of 469 acres of bush, with complete sawmill plant and buildings, in complete working order off erß a s P^ cn " did opportunity. The Crown royalty on timber cut from this property is at the low rate of of Is per 100 sup. feet, whilst 170 acres is absolutely free from royalty. This property is situated close to the railway. The cost of timber production from this source is very low and it is. estimated tli at there are 5 years cutting.' In view of the present day heavy demand for our sawn timber in New Zealand and Australia for all purposes will ensure this proposition being a sound one. The low royalty rate is also another favourable feature to this concern. The sale is to take place in Mark Sprot and Co’s auction mart, Greymouth on Saturday the lltli of December at 11.30 a.m. •
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Hokitika Guardian, 3 December 1920, Page 2
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164AUCTION SALE OF SAWMILLING PROPERTY. Hokitika Guardian, 3 December 1920, Page 2
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