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Hokitika Guardian, 7 January 1929, Page 8

The progress of commercial aflorcstntion in New Zealand is indicated by the latest Government return, which shows that during last season 7d,H28 acres were planted, this being a. sliglit decrease compared with the previous Season. Two kinds of organisations have been formed to carry out the var;nus ventures. The first is the jointstock company, each shareholder re- ' firing a share of the profits according to the amount of capital contributed ; the second is a private concern vectored with a comparatively small <opital. hut in which the investing ■ntblic do not become shareholders. Prior to 1923. states the report, the amount of forestation cunied on. [•part from the operation ol the capital State Forest Service and the Prisons Department, was practically negligible. Rising limber prices, the certainty in the future of further decreases in available supply, together with a reasonable prospect of a constant and increasing demand, have in recent years focussed attention on the growing oil timber for profit. Ihe formation of softwoods forests as a pro it making proposition was serioiislj undertaken by private enterprise five years ago, since when great strides have been made.