TO MAKE NEWSPRINT

Grey River Argus, 7 August 1937, Page 12

TO MAKE NEWSPRINT

AUSTRALIAN COY. SYDNEY, July 26. That the trend of public opinion favours the return of a Labour Government at the Federal election was indicated by Sir Hugh Denison, addressing a meeting of shareholders of Associated Newspapers yesterday. Sir Hugh expressed the opinion that concessions given by the Labour Government of Tasmania would enable Australian newspapers io produce all their requirements of newsprint in Australia, and thus be free of overceas combines, and added: “The enterprise was assured or sympathy and support in the event of a Labour Government winning a future Federal election.” Sir Hugh Denison, said the board recommended placing £lOO,OOO in a company for the production of newspt mt from a 350,000-acre tract of forest in Tasmania. Shareholders unanimously agreed to the proposal. “The Tasmanian Government,” said Sir Hugh, “had made wonderful concessions to the new company or complete cutting rights over 350,000 acres of forest on extremely favourable tmms for 50 yearn. which would enable the enterprise to supply the needs of Australian newspapers for newsprint for 100 years.” Annually, Australian newspapers use 130,000 tons of newsprint and send out of the <.ou*iitry for its pur .base £1,500,u0 n , he added.