WOODPULP INDUSTRY

Timaru Herald, Volume CXXV, Issue 18615, 10 July 1930, Page 10

WOODPULP INDUSTRY

Mr H. A. Horricks, attorney to a group of Australian Capitalists interested in establishing the woodpulp industry in New Zealand had some interesting comments to make regarding the possibilities of the Woodpulp Industry j in the Dominion. Speaking of this new industry, Mr Horricks said that as far as one could foresee, development would follow the lines that had enriched Norway. Norway confined herself to the production of a high grade chemical pulp. Last i year she exported 275,000 tons of cellulose, of which 50 per cent was bleached sulphite, representing the highest quality of chemical woodpulp. The greatest importers were Great Britain and the United States, each country annually importing one of the halfmillion tons of chemical pulp for the manufacture of paper. Mr Horrocks considered that the development of Taupo lands with quick growing exotics for manufacture into woodpulp should result in considerable economic gain because land at present of little productive value would be converted into profitable use. The development capital of the new venture runs into approximately 1,000,000 sterling, a third of which is being reserved on deposit with the Public Trustee of New South Wales towards financing the erection of tne pulp mill in 1936. The bulk of this money will be spent in wages in New Zealand. ....