FOREST PRODUCTS.
NEW COMPANY’S VENTURE. CONTRACTS EIGHT YEARS TO RUN (By Telegraph.—Press Association.) AUCKLAND, Thursday. The annual meeting of New Zealand Forests Products Limited, formed to market with £11,000,000 capital the pine forests planted by New Zealand Perpetual Forests, was held to-day. The chairman, Mr D. Henry, emphasised that the bond-holders’ contracts had provided for 20 years’ maintenance so that even ttic oldest trees had still eight years to run and the bondholders might expect that time to elapse before looking for a realisation on their Investment. However, hts company had only been formed Just over a year and were exercising the' utmost expedition In thetr marketing venture. Until the terms of contract between New Zealand Perpetual Forests for maintenance had been assessed and taken over by tlie new company they could not enter into possession of the forest and to that extent tlielr efforts were being delayed. Sir Charles Marr. of Sydney, -was present and staled that a majority of shareholdings were Australian and ho looked upon it as < 1 lmeslmenl.
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Waikato Times, Volume 121, Issue 20259, 30 July 1937, Page 3
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172FOREST PRODUCTS. Waikato Times, Volume 121, Issue 20259, 30 July 1937, Page 3
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