THE PHOSPHATE ISLAND.
STATEMENT BY MR. MASSEY. By Telegraph.—Press Association. Wellington, Last Night. Speaking of the Nauru proposition today Mr. Massey said: "1 think it will be quite possible to export half a million tous of phosphates from Nauru when the enterprise is fully developed. This may not be for a few years, but when the initial difficulties are overcome I am sure New Zealand will be very glad to have theso phosphates from Nauru, first, because the sea carriage should not be expensive over such a relatively short distance, and secondly, because the phosphates are of high quality: Of the total output, which I have suggested may be 500,00 C tons a year, New Zealand will probably require 100,000 tons. Australia will need at least double th<t quantity, for I understand they are using phospkatic manures to treat the ground being prepared for wheat crop," Mr. Massey thought that probably payment would W made by debentures bearing Interest, and the governments would have to establish sinking funds at such a rale as to make possible the redemption of the debentures in 23 or 30 years.
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Taranaki Daily News, 13 August 1919, Page 5
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186THE PHOSPHATE ISLAND. Taranaki Daily News, 13 August 1919, Page 5
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