AUSTRALIAN NEWS
EXPLOITING FISHING GROUNDS A SYNDICATE FORMED MELBOURNE, Oct. 15. A Melbourne syndicate is preparing to float a company to exploit the fishing grounds in Australian and New Zealand waters. It is reported that a representative will be sent to London to attempt to raise £500,000 for the project. The directors of the proposed company, the Southern Fisheries Development Company, state that they intend to use a factory ship and three trawlers. Most of the fishing will be done in New Zealand waters They estimate that 300 tons of fish could be landed in Victoria and New Wales each month.
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Otago Daily Times, Issue 23013, 16 October 1936, Page 9
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101AUSTRALIAN NEWS Otago Daily Times, Issue 23013, 16 October 1936, Page 9
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