TIMBER INDUSTRY

Grey River Argus, 29 March 1928, Page 6

TIMBER INDUSTRY

CONCERN IN UNITED STATES. NEED FOR AFFORESTATION. AUCKLAND, March 25. The timber industry in the United States is not in a very healthy P°^ tlon at present, according to Mr E. A. Wyid, president of the First National Bank, Portland, Oregon, who was a passenger from Vancouver by the Aorangi to-dax. Air Wyld is in constant touch with the industry, Portland being in the centre of a large timber-growing district. Air Wyld said that much of the trouble seemed to lie ia over-production, inanx mills which were under-capitalised having to produce at a loss in order to keep going. “They cannot get a good price tor their timber,” he added. ‘‘lt |s not because there is any slackening in the demand, but it is duo to the fact that the markets are being overfed. pect this will right itself in time. The question of reafforestation was creating wide interest, and although nothing ha< vet been attempted on a national scale, the Government realised the necessity of doing something if the great tnn Yer assets were to bo maintained. Air Wyld said that the cost of putting an afforestation scheme on a good footing would be enormous.