TASMAN PULP SCHEME

Press, Volume LXXXIX, Issue 27212, 2 December 1953, Page 13

TASMAN PULP SCHEME

VISIT OF AMERICAN BANK OFFICERS WORK IN TAURANGA AREA INSPECTED (New Zealand. Press Association) WELLINGTON, December 1. Four officers of the Import-Export Bank who have been inspecting the preliminary operations in the Tauranga area of the Murupara pulp and paper scheme have been deeply impressed with the work, the plans to be followed, and the wealth of New Zealand’s exotic timber resources. The officers, who are visiting Wellington for talks with the Government on a dollar loan for the scheme, are Messrs R. H. Rowntree, who is an economist, D.-Havens, an engineer, A. S. Lord, the legal adviser, and J. L. Riddel, a banker. They will later inspect forest plantations in the South Island. “This scheme is going to add very materially to your foreign trade, particularly in the direction of improving your hard currency balances,” said Mr Rowntree. Mr Havens said he was struck with the extent of the country’s man-made forests. “You have something really remarkable there,” he said. “There is no chance of this enterprise ever cutting out those resources.”