COPPER PRODUCTION

Auckland Star, Volume LXIX, Issue 229, 28 September 1938, Page 8

COPPER PRODUCTION

MOUNT MORGAN, LIMITED

NEW ZEALANDER'S INTERESTS

(By Telegraph.—Own Correspondent.)

OISBORNE, this day

It may be indication of the prosperity of Dominion that over 600,000 company out of a total of 2.348.000 are held by New Zenlanders, said Mr. Adam Boyd, chairman and nianaging director of Mount Morgan Limited, who is spending a holiday in the Dominion. "As evidence of recognition ot this great body ot shareholders an expressed wish that New Zealand shareholders should be represented on the board has been given effect," he added Nominated by the New Zealand committee, Mr. J. R. D. Richardson, 0.8 E , '°* Sydney, will be elected to the boaid at the forthcoming annual meetit^f h wiH° mPany s ° far has contented its.lt with preparing concentrates for shipment to the refineries. To date «hi»«t e, } tS * aVO be ?" ( ' is P a tehed to the United States for smelting, this being due to the rost« in A 8 °£ c ,°. aßtal heights and smelting Australia, which are well in excess of freights and handling costs on shipments! right across the Pacific. Tt L hoped that in the early future the Mount Morgan company will carry its processes as far as turning out blistered copper, and in A iwV--'J 1 ;'"' 0111 'i'i to v s' fi , ne this output in will be made. J