COMPANY INQUIRY
REDWOOD FORESTS POLICY STATEMENT. BY FORMER DIRECTOR [Per United Press Association:] WELLINGTON, September 13. A former director of Redwood Forests Ltd., Air F. F. Hockly, whose name was mentioned in the second interim report of the Company Promotion Commission, has placed before the commission. a statement setting out his connection with Redwood Forests Ltd. In the course of this he states that ho joined the directorate on September 27, 1929, and resigned at the end of the company’s year. When asked to join, he regarded it as a recognition of his well-known interest in afforestation and accepted the invitation as an opportunity to establish a valuable industry for the dominion. His resignation was dictated by personal reasons, and lie parted with his co-directors on friendly terms. As far as investments were concerned, he could not recall exactly what was done in each case, but his general impression was that in every instance a valuation by a competent valuer was produced to the directors. “J am fully assured in my own mind that every transaction appeared to he entirely regular, otherwise I would have questioned it at the time,” he concludes.
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https://paperspast.natlib.govt.nz/newspapers/ESD19340914.2.4
Bibliographic details
Evening Star, Issue 21825, 14 September 1934, Page 1
Word Count
192COMPANY INQUIRY Evening Star, Issue 21825, 14 September 1934, Page 1
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