THE AUCKLAND SAWMILL CO.

New Zealand Herald, Volume XIV, Issue 5020, 18 December 1877, Page 3

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, am' the requisite amount of capital subscribed to purchase the business now being carried on by Messrs. G. Holdship aud Co., with the view of extending the operations to meet increasing demands. The property purchased consists of sawmills, forests, &c., as follows : —At Waugaroa : A double sawmill complete, together with freehold, leasehold, aud agreements for extensive forests. At Port Charles : A single sawmill with freehold and 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 ot freehold forest laud at Mangonui, with an excellent- mill site, on which the company propose to erect a mill. At these mills an in the crceks, ready to be Uoated 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,UG0 feet per week.

These properties are situated at points along the East Coast, convenient for shipping to all colonial ports, and affording every facility for carrying on an extensive business in 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 includo the lease for GO 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 Koad or Custom-house-street West is completed. Mr. Iloldship, who thoroughly understands the business, take 3 the management. The company will take possession and 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 profitable investment for the shareholders.