PAPER-MAKING INDUSTRY
AUSTRALIAN PLANS
TASMANIAN FOREST 'BOUGHT
" It was announced in Melbourne on 6th May that Paper Makers, Ltd., a large conn, pany formed to establish the wood pulp and paper industry at Burnie, Tasmania, and in which a number of metropolitan newspapers are shareholders, had completed the purchase of the Surrey Hills forest, of 123,000 acres, and the factory site of 160 acres'at Burnie., • ; "These properties were bought from the Van Diemen's Land Company of London, which acquired the lands Royal charter from King George IV. 105 years ago The Surrey Hills forest is virgin and is situated on the Emu Bay railway thirty to forty miles from Burnie, on the banks of the Emu River, about a mile from the deep-water wharves. _ The total price of the properties mentioned exceeded £130,000. . "The next important development m the establishment of this new industry will take place "when the Federal Parliament passes the Act promised ■by both parties in Parliament to provide, for the payment of a bounty. This bounty will be safeguarded by a limitation of profits, and as soon as the industry is in the position of substantially supplying the requirements of Australia the bounty will be discontinued and a duty imposed."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19300517.2.85
Bibliographic details
Evening Post, Volume CIX, Issue 115, 17 May 1930, Page 10
Word Count
204PAPER-MAKING INDUSTRY Evening Post, Volume CIX, Issue 115, 17 May 1930, Page 10
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