THOUGHTS FOR THE TIMES.
FORESTRY INVESTMENT . Forestry companies that promised fabulous returns for money invested were trenchantly criticised by Mr H. R. Gray, lecturer at the' Australian Forestry School, in a recent address to members of the Canberra Economic Society. An investor, he said,!?would probably receive the same interest from a bank as he would from capital invested- in forestry companies, even if the trees developed in the time specified in the prospectus. In his opinion the bank deposit would be the safer investment. Many people had subscribed to such companies, and it was his belief that forestry would be detrimentally affected in the public mind as a result. Timber developed more rapidly in sub-tropical climates, he continued, than in more temperate' countries, but,’ despite this fact, it would De absurb to contemplate cutting trees •nto milled timber eight years after planting. If such timber were employed in pulp-making, even after investment would barely equal the capital invested. .
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Hokitika Guardian, 2 August 1929, Page 4
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158THOUGHTS FOR THE TIMES. Hokitika Guardian, 2 August 1929, Page 4
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