TIMBER INDUSTRY.
ENGLISH CAPITAL AVAILABLE. By Telegraph.—Press Association. Taumarunui, July 14. It was stated at a local function that £70,000 had been found by a group of English financiers, who are floating a large timber company to take over the Tongariro Timber Company’s obligations. Already £6OOO has been paid to Natives in royalties, and £35,000 would be paid in September, while £30,000 was available for -the construction of the first five miles of railway between Kakahi and Lake Taupo. The railway must be srst completed to Lake Taupo by near 1928. Kakahi Junction, on the Main Trunk line, is nine miles from Taumarunui.
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Taranaki Daily News, 15 July 1922, Page 4
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103TIMBER INDUSTRY. Taranaki Daily News, 15 July 1922, Page 4
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