KAURI GUM.
SELLING ITS-STOCKS,
',■■■' '■" ' -'- y((Special to;* ! Star,*3 ■ ~ ]_ ~ _ : WELLINGTON, this day. ; ' Ono" ofrthe extraordinary.'-financial.' responsibilities thrown upon. the Government as a consequence of trade disorganisation fdllowing the outbreak- of' war was the advancing of'money on kauri gum,' which'for the time was quite uama'rketable. :An officer of the. Lands Do l partment was , specially appointed to ldolr,after these transactions,"which enabled iriariy gum-diggers'to tide'over a very - awkward pinch. ' The State ; advanced £25,000 altogether against the security of- gum, but the call' for assistance in this direction has now' diminished j says the Prime Minister, owing to many other '. openings for ' employment available. Now the Government finds itself in the fortunate position of being able" to get rid of some of the stored, kauri'gum, the market for which to-day is' better than it has: been for'over a year. The demand is from the United States.
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Bibliographic details
Auckland Star, Volume XLVII, Issue 49, 26 February 1916, Page 10
Word Count
141KAURI GUM. Auckland Star, Volume XLVII, Issue 49, 26 February 1916, Page 10
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