COTTON TEXTILE INDUSTRY

Press, Volume LXXXIII, Issue 25136, 18 March 1947, Page 5

COTTON TEXTILE INDUSTRY

LAND AT RICCARTON SOUGHT appeals before court teSfi2 s JSih V' e establishment of a eotton soon’ls ‘iS.a 111 the BiKarto " area as Dteteeri ? d was available were exbv Mr w»^ e »t' a S d § ales Courl yesterday dirPfsnr K J?w t^4C^* Campbell ’ a company °* Wellington, when he gave evithe C S I ,Sh an app’ieauon for approval of tn SrJ > r^ an area of 53 acres. for & cSt!^. pb 'r n ' »'T h ° I? organising broker ZealSrt t0 ?o<? e Xj u . es . Corporation of New £ aa , a ? sald that the company was exmSJS.n* expand eventually into a public Th? P j!?£ 'V th a eapital of £1,090,000. buUdFne wUh Pr ° P 2 sal was to construct a Mr CamSn fl ? or space of 25 acres. Hia ? am Pjell continued. The company b H2n ght fro . m Australia an executive exai ? lned Possible* sites for a thr °ughout New Zealand. This executive, who would be the managing able Inc ‘r. h C .?. art ° n Was a most SUiteleetri? h d , the advantage of labour, Ss ’ sewerage, and bulld!ahoS Ci ?l!? s l Jndustnal-areas, open for as 5,1 transportation facilities, such in rf™, becoming increasingly rare Zealand, Another company of Slered h £2nnn » a „ so a had recently distort t re for land m the Hutt district and had been unable to obtain Mp’li.S?™ t. which was presided over by Slid? * Archer, was considering apaborov»s «r 1 Da , vld . Torrence Moffat for ? to the Dominion ComamiWtS s ‘ c °mprmy at £5OO an acre, and of Pyne, Gould, Guinness Ltd.’s superan SV = °, n Und for . a PProval of V site “f 5? adj ??? nt area to the Cotton Textiles Corporation of New Zealand,, Ltd., at w?re £lsn a Sl e a Crown valuations Mr F l6 n a s? s* l7s , an acre respectively. Ta y lor appeared for the vendor, and Mr A. F. Wright for the purFnPllnd firSt Case ’ and Mr eP Ewni d c f f° r % vendor and Mr P. WynnWdliams for the purehciser in the second nnlw'oH Y; Kay (Wellington) appeared for the Crown. Mason, o f the Valuation Departnresi>ri r \SHf n M tO Domini °h ComPiffy east Company s case, stated that was A he £oot of Hanson’s ThA °hi2v e si( ? e of Blenheim road. k had railway access at the rear and restricted frontage. It would f a F Wa £ line with the exception p ° int w h?J e a 'transmission line wmHrt oT h £ e idth of this strip m° U Ripnh<^ bOU In Placing values rIJ? lenheim road, he had graded down U • end nearer the centre of the a Yi ng a ,_ basis at one end of £3OO I and at the other of £2OO. T° .Mr Wright, the witness said that tnere had been a considerable movement m sections zoned as industrial, and he considered he had given full industrial I value. The value placed on the block was about 100 per cent, greater than Placed on the residential block opposite. I have never known such a demand for industrial sites as exists to-day, and 1 know of no other area comparable to 01,o 1 , <? ne ’ d T - H - Langford. Public Relations Officer for Christchurch, in evidence.

‘"The properties urider dispute are at the southern end of Hanson’s lane,” he said, “pie property, on the other side ot the lane, with the exception of' land to the west, is held by the church; and a* 1S ._difficult to do anything about that. At the moment we have nb other land suitable for heavy industrial. The yeast company could not get an area comparable to this land. The trains are now assembled at Middleton. The department Will put in another industrial road, and -bat gives a different value to that area.” , r T aylor. the witness said that Blenheim road was to be extended. The block would be well provided with railway ana road access. “As industrial land, I would say there is no better anywhere in New Zealand. The present industrial development out there is in adjcord with Government policy.” u 'E 0 Honour, witness said that he had had difficulty in persuading the Railways Department to put in the industrial road, but 'with the establishment of the road the main line was not affected at all and would reduce the cost to the textile company by about £2500. “The industrial road, as far as I know, is quite definite.” Overseas interests were surprised at the cheapness of industrial sites in Christchurch. said the witness in answer to Mr Taylor.

Mr Taylor submitted that an area in the same district, which had been passed last October at £720 an acre, should provide a scale for comparison in this case. /The case was adjourned until to-day.