NEW ZEALAND IRON.
BUNDS FOR PRODUCTION. thirty sittings A TON. FROM OUR PARLI-MENTARY REPORTER. WELIINGTON, July 16. For encourage the production of pier iron in Ne' Zealand, an amendment of a form* Act authorising payment of a bouity was introduced in the House of Rpresentatives to-day. The Ministe-for Mines (Hon. G. J. Anderson) explained that the bounty -of 12s a tor would be increased to i 30s, but the-otal expenditure authorjsej i n the original measure would not be incrased, the idea being to pay the bonty in a shorter period. He understod that the Onakaka Iron Company bd spent £IIO,OOO on iionworks ad they needed encouragement to sift the industry in the face of compeOion from iron produced by }»lTok 1,1 The noun tv woud be /ayable till 1934. « Mr TM. Wilford (Leader of the Opposite) asked if the increase in the booty would be retrospective. The minister, replying, said be saw no obidion; and it would not matter much, s less than 1000 tons of non had bVn produced.
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Bibliographic details
Hawera Star, Volume XLV, 17 July 1925, Page 5
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171NEW ZEALAND IRON. Hawera Star, Volume XLV, 17 July 1925, Page 5
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