Page 3 Advertisements Column 3

Northland Age, Volume 25, Issue 15, 6 August 1925, Page 3

Matakana Radiata Ltd. The Only Afforestation Company Selling An Actual Plantation.

A Pure Gold Investment. The promoters of this Company do not make extravagant claims as to the profits that shareholders will get, but they estimate that the trees on the Matakana Radiata Ltd. Plantation will be worth from £t to £t/10/- each in twentyfive years according to whether they are Pinus Radiata or Eucalyptus. This price should easily be obtained on the stump, which equals £4OO per share. On account of the wonderfully cheap water transport and flat land the Company can, if they so desire, cut the logs and raft them to the mills, for (vide Mr. Gamman’s report) a few pence per 100 superficial feet, the return per share should then be worth, say, £6OO or £7OO. The third alternative is for the Company, in twenty-fire years’ time, to erect their own mills, fell and mill their own timber, and each share should then return at least double the above figures. Electric power for the mill is already available from Tauranga.

Each £2O Share Should Return from £4OO to £IOOO.

What Mr. G. A. Gamman says of Matakana. “My opinion of Matakana Island as an afforestation proposition is that in all probability it will be unequalled from any point of view examined from fire, rainfall, suitable land, climate, haulage, handling and milling. It has the best conditions possible. It needs no boosting as it has sound actual facts in its favour that will stand the strictest inspection. The proposition can stand on its merits. I am pleased to be able to put my name to this report with a feeling that what has been stated will be hard to disprove. I may add that I have had a fair amount of experience in handling and loading timber in the Tauranga Harbour.” May 7th, 1925. Extract from Report on Matakana Island as a Timber Growing and Saw Milling Proposition, compiled by Mr. G. A. Gamman, Managing Director of G. A. Gamman & Co. Ltd., Ohakune and Mamaku.

Get the Facts ! Call, 'phone or write for free illustrated Booklet to D. E. STACEY, or "Billy" CAMPBELL. Kaitaia Hotel, who are in the North representing the sole selling Agents : J. M. McVEAGH LTD. 3 SWANSON STREET, AUCKLAND.

Kaitaia Co-op. Dairy Factory Co., Ctd. i\ TH ANNUAL REPORT AND BALANCE SHEET. The annual meeting of the above company will be held in the Agricultural Hall, Kaitaia, on Saturday, August 15th, when the following report will be submitted and the balance sheet considered :

To the Shareholders : Your Directors have pleasure in placing before you the Twenty-fourth Annual Report and Statement of Accounts. The total butter made, 502 89 tons, shows an increase of 507 tons over the previous season. An increase of 20% over the previous season was maintained until the end of February, but was considerably reduced during the last four months owing to the very dry autumn. The butter sales, including stock on hand, total £87,435/14/5, the average per lb. f.o.b. Auckland being 1/5. Butter in London and transit, 1,986 boxes, was valued at 170/- London, and since the end of the financial year practically the whole of this quantity has been sold at from 186/- to 193/-, and when the final returns are to hand there will be a further small balance available for distribution. T'i<- amount advanced for butlerfat, £58,286; 18 7, averages 1/3 08 per lb., and a further payment amounting to £10,151/7/3 will bring the nett average payment to suppliers for superfine quality to l/y/11. Tiic average cost of cream cartage per lb. butterfat is '6611, a decrease on last year's cost of "Old. per lb. butteilat. During the year 275 shares were issued, 100 fully, paid shares were resumed from suppliers who had ceased to supply the Company's factory and left the district, and 250 shares were forfeited for non-payment of calls. The profit from shares resumed and amounts paid on shares forfeited have been added to the respective reserves under these headings. At the beginning of the season a Herd Testing Association was formed by suppliers, which was later taken over and administered by the Company, and proved a benefit to those suppliers whose cows were tested under this system. One thousand and eighty-eight cows were tested under the group system at a cost to the suppliers of 5/- per cow, depreciation on the tester’s car and plant being charged to the General Fund. It is proposed to form two groups for the coming season, which should reduce the cost per cow. It is pleasing to report that the Company’s export