AFFORESTATION, LTD.

Shannon News, 2 November 1923, Page 3

AFFORESTATION, LTD.

A SOUND INVESTMENT,

This is a company with a capital of £125,000 divided into 5000 shares ;Of £25 each. The shares ' are payable over eight years if and are saleable at any time. The company is being run under modern forestry .conditions and supervised by Mr Goudie, the well-known New Zealand forester. The shares are being taken Up very readily, and it is ex-/ pectecL to close the lists at an early date. Afforestation, Ltd., has chosen an ideal area of land on the main Rotorua line at Putarurui, and the whole area will be planted as quickly as possible. The land is now being laid out and seed beds prepared. .The history of timber growing enterprise in America proves that if is an exceedingly profitable form qf investment. ; The success .of. the Government- plantations at 'Rotorua is ample evidence of the singularly adaptable nature of the pumice lands for, exotic free production. It is stated, in fact, that oying to the extraordinary long growing l season no greater growth is known; anywhere than on the- pumice land of the North Island. A striking statement on the monetary results accruing from afforestation . was re-cently-made by Mr James- Deans, in addressing! the. executive of v e North Canterbury Farmers’ Union. Mr Deans said no farmers grudged paying £2O a year to assure an insurance of £IOOO. 'Farmers , did not seem to realise that for an? expenditure of £2O on trees they couldi possibly assure a similar-'-amount and this without the necessity of pacing the £2O every year.. 1 v ‘. . 5 ' With, the growth of the forest large premiums are sure to accrue on the shares no. dividends are payable for. 2» years., but a shareholder has the rio-lit to sell his share at any time ■ns a means of providing an annuity lor him'self— something worth while—no known form of investment can equal the Phenomenal returns from such a small amount invested.