SLUMP IN TIMBER TRADE
CURTAILMENT OF PRODUCTION. By Telegraph.—Press Association. Hamilton, June 19. The dumping of foreign timber on the New Zealand market is not without serious effects on the industry in the Dominion. At a meeting of 40 sawmillers at Hamilton yesterday it was thought necessary to consider a further curtailment of output, either by shortening hands or by a further reduction in working hours per week. It was shown that the mills were now working at 50 per eent. of their capacity, and a large number had closed down.
The following resolution was passed: That owing to the extraordinary fall-ino,-off in the demand for timber, which amounted approximately to 2,000,000 feet per month, equal to one-third of the demand over the past six months, the conference has decided to recommend its members to further curtail output, either by shortening hands, or by further reducing working hours per week.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19300620.2.75
Bibliographic details
Taranaki Daily News, 20 June 1930, Page 9
Word Count
150SLUMP IN TIMBER TRADE Taranaki Daily News, 20 June 1930, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in