THE AUCKLAND SAWMILL CO.

New Zealand Herald, Volume XIV, Issue 5016, 13 December 1877, Page 2

THE AUCKLAND SAWMILL CO.

For some time past we have been impressed by the increasing importance of our timber trade as affecting the employment of capital and labour, and are gratified to learn that a company, named the Auckland Timber Co. (Limited), has been formed, and the requisite [ amount of capital subscribed to purchase the business now being carried on by Messrs. G. Holdship and Co., with the view of extendthe operations to meet increasing demands. The property purchased consists of sawmills, forests, &c., as follows At Wangaroa : A double sawmill complete, together with freehold, leasehold, aiid agreements for extensive forests. At tort Charles : a single sawmill with freehold aud leaseholds forests. At Kennedy's Bay : The sawmill and forests recently owned by Messrs. Cruickshank and Co. In addition to the above there are about 5000 acres of freehold forest laud at Mangonui, with an excellent mill site, on which the company propose to erect a mill. At these mills and iu the creeks, ready to be floated out by freshes, there is a supply of over twelve million feet of log timber, which they are capable of converting into sawn timber at the rate of about 170,000 feet per week. These properties are situated at points along the East Coast, convenient for shipping to all colonial ports, aud affording every facility for carrying on an extensive business iu every description of timber. In Auckland there is the Sash and Door Manufactory, at Newton, also the buildings, machinery and leases of allotments in Custom house-street East aud West. These include the lease for GG years of 500 feet of water frontage on the reclaimed land opposite the Gas Company's works, on which the company contemplate the erection of extensive manufacturing plant immediately the Beach Road or Custom-house-street West is completed.

Mr. Holdshtp, who thoroughly under stands the business, takes the management. The company will take possession aud continue the business from the Ist of January. We wish it every success on public aa well as on private grounds, as it will employ more labour, produce more exports, and, we believe, be a very protitable investment for the shareholders.