REDWOOD FORESTS
Mr. Hockly’s Connection
By Telegraph—Press Association WELLINGTON, Sept. 13.
A former director of Redwood Forests Ltd., Mr F. F. Hoekly, whose name was mentioned in the second interim report of tho Conipany Promotion Commission, has placed before tho Commission a statement setting out his connection with Redwood Forests Ltd. In the course of this he states that ho joined tho 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 tho invitation as an opportunity to establish a valuable industry for the Dominion. His resignation was dictated by personal reasons, and he parted with his co-directors on friendly terms. As far as the company's investments were concerned he would not recall exactly what was done in each case. His general impression was that in every instance a valuation by a competent valuer was produced to the directors.
“I am fully assured in my own mind that every transaction appeared entirely regular, otherwise I would have questioned it at the time,” he concludes.
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Bibliographic details
Hawke's Bay Tribune, Volume XXIV, Issue 233, 14 September 1934, Page 7
Word Count
186REDWOOD FORESTS Hawke's Bay Tribune, Volume XXIV, Issue 233, 14 September 1934, Page 7
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