KAURI TIMBER.
REPLACED BY J ARK All. By Cable— Press Association—Copy right. Sydney, December 14. The report of the Kauri Timber Company shows a net profit of £59,510, which, with £23,17!) brought forward, gives a total of £82.01)8. This will he appropriated as follows:-—To the reserve .CUUUiO. a dividend of !l per cent, absorbing£s2.l)sl). carried forward £211.048. The company may gradually shift ils lield of operations from New Zealand. The report states that in New Zealand the limited opportunities of obtaining further kauri forests in New Zealand, and in pursuance of its declared policy of extending the life of the company, tlic directors have purchased assets in Australian jarrah sawmills, and is hopeful that the purchases will be a material factor in the desired direction.
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Taranaki Daily News, Volume LV, Issue 179, 16 December 1912, Page 5
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125KAURI TIMBER. Taranaki Daily News, Volume LV, Issue 179, 16 December 1912, Page 5
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