“APPEARED TO BE REGULAR”
REDWOOD FOREST TRANSACTIONS.
-COMMENT OF FORMER DIRECTOR.
By Telegraph—Press Association.
Wellington, Last Night.
The former director of Redwood Forests Ltd., Mr. F. F. Hockly, whose name was mentioned in the second interim report of the Company Promotion Commission, has placed before the commission a statement setting out his connection with Redwood Forests Ltd. In the course of this he states that he joined the directorate in September 27, 1929, and resigned at the end of the company’s year. When asked to join he .regarded it as a recognition of his well known interest in afforestation, and he accepted the invitation as an opportunity to establish a valuable, industry for the Dominion. His resignation was dictated by personal reasons and he parted with his co-directors on friendly terms. As far as the investments were concerned he could not recall exactly what was done in each case. His general imr pression was that ..in every instance a valuation by a competent valuer was produced to the directors. “I am fully assured in my own mind that every transaction appeared to be entirely regular. Otherwise I would have questioned it at the time,” he concludes.
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Bibliographic details
Taranaki Daily News, 14 September 1934, Page 5
Word Count
196“APPEARED TO BE REGULAR” Taranaki Daily News, 14 September 1934, Page 5
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