THE PRICE OF TIMBER.
(PRESS ASSOCIATION* TEI-EGIt AJI.) AUCKLAND. July 30. The Auckland mill owners have dceidedcd to raise tire price of first-daw and rough heart timber one shilling, and medium r.,*id second-class timber sixpence per hundred. 'Ihe di.seount to builders will remain at 10 per cent, on accounts paid wi*hin a month, and 7_, per cent, accounts running beyond that. tim»*. Cash discounts te ordinary customer:: have been reduced from 5 lo 2_. per cent. The mill owners state thr.t tho rise in prico. his been forced on them by the heavy incre.ises in the premium charged by the. Aceid-iit, Insurance Companies for covering risks under rlie Workers Compensation Act. Several millers hay:. agreed not to renew their policies, but to pay premiums into a, fun-d of their oini to nicer claims which may arise. They state that- if the saving thereby anticipated is reali.se.i tha prices of timber may be reconsidered with a view to a reduction.
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Bibliographic details
Press, Volume LX, Issue 11649, 31 July 1903, Page 6
Word Count
159THE PRICE OF TIMBER. Press, Volume LX, Issue 11649, 31 July 1903, Page 6
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