PHOSPHATES FROM NAURU.
■ * (By Telegraph.—Press Association.) "WELLINGTON, Tuesday. 'Speaking of Nauru Island mandate to-day, the Prime Minister, Hon. W. E. said:—"l think it will be quite possible to export half a million tons 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. 1 am sure NewZealand will be very glad to have these 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 a high quality.
"Of the total output, which I have suggested may be 500,000 tons per year, New Zealand will probably require 100.----000 tons. Australia will need at least double this quantity, for I understand they are using phosphatie manures to treat ground being prepared for the wheat crop."
Mr. Massey said he thought that probably payment would be made by debentures bearing interest, and the Government would have to establish sinking funds at such a rate as to make possible the redemption of tho debentures in 25 or 30 years.
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Auckland Star, Volume L, Issue 191, 13 August 1919, Page 9
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185PHOSPHATES FROM NAURU. Auckland Star, Volume L, Issue 191, 13 August 1919, Page 9
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