COMMERCIAL

Poverty Bay Herald, Volume LIX, Issue 17954, 5 December 1932, Page 9

COMMERCIAL

W.z. WOQLPACKS AND TEXTILES STATUTORY MEETING The formality of the statutory meeting of the N.Z. Wdolpaek and Textiles, Limited, which was held last week in Wellington and presided over by Sir Alexander Roberts, was enlivened and the apprehension of some shareholders dissipated by the comprehensive and interesting report presented by the board of directors. The chairman, Sir Alexander Roberts, commenting on the prospective activities of the company, asserted that the establishment of the flax-weaving industry was the first genuine effort made in the Dominion to promote an industry that would at once provide work for quite a number of men, skilled and unskilled, and ultimately prove to be a strong and enduring asset for the Dominion. Sir Alexander looked upon the meeting as one of the most important events in the history of New Zealand. It was of national importance to set this industry in motion at the earliest possible moment. The directors, after a long and careful survey, had decided' on the town of Foxton for the site of the first factory. The directors had accepted l the valuable offer of a gift of six acres of land from Mr. Perreau, Mayor of Foxton. He considered the town of Foxton admirably suited for the activities of the first factory. The raw material was there in abundance, and the company had an option for supplies over a period •->f years. The board of directors was reduced from nine to six for the sake of economy, end to facilitate the speedy work required to commence operation.