NEW ZEALAND PERPETUAL FORESTS.
A report on the, finance and operations of the New Zealand Perpetual Forests, Ltd., at 22nd September last, states that the paid-up capital was £172,638. Debenture bond capital, being net bond sales to 22nd September was 106,515 bonds, representing £2,775,279. ■ Trustee reserve bonds representing £8 6s 8d of fully paid bonds and instalments towards reserve funds on bonds -nearing completion, amount to ■£191,004, including New Zealand and Australian .Government securities £107,062, New Zealand local body secuurities £19,----400, first mortgages £37,250, and uninvestedfunds with the trustees £7292. The company had 155,671 acres of land under its 'control. During the four years 1925-28 inclusive actual planting covered 105,781 acres. The trustees of the bondholders have issued reports expressing satisfaction with the work carried out.
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Bibliographic details
Evening Post, Volume CVII, Issue 58, 12 March 1929, Page 14
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126NEW ZEALAND PERPETUAL FORESTS. Evening Post, Volume CVII, Issue 58, 12 March 1929, Page 14
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