HOPEFUL ENTERPRISE.

Wairarapa Daily Times, Volume 49, Issue 15048, 28 November 1923, Page 5

HOPEFUL ENTERPRISE.

TO MEET FUTURE DEMAND. NELSON PINE FOREST, LTD. A few weeks ago the Director of the N.Z. State Forest Service returned from the Empire Forestry Conference in Canada with a two-fold message of hope and warning. Captain Ellis stated that, except for India, New Zealand is in the forefront of all Empire countries in forestry practice, and that we have started our forestry policy just in .time. On the other hand, we are warned that New Zealand must stand alone —"she must very soon paddle her own canoe. Australia, Canada and the United States are running short, and with the rapid and serious depletion of the timber assets of other lands, the . Dominion must become self-sufficient in the matter of tree growing and timber supplies. Another important factor is that our population is steadily increasing, and with it the demand for timber. Every branch of industry and national Lie calls for timber, and it is vitally necessary for progress that an adequate supplv should be always available. In New Zealand there is an evergrowing demand for soft woods, partly for the .making of butter and fruitboxes, etc.; and it is a fortunate thing that pinus insignis (or pinus radiata) meets this demand with great success. For this remarkable pine is tlie fastest growing and most profitable tree in the Dominion; its quality has been tested again and again, and all experts aio united in praise of its many merits. A large number of these opinions are printed in the prospectus of a proposed new company, Nelson Pine Forest, Ltd., which is being formed to take over a planted area of 3400 acres of land in the Nelson district. It is situated at Belgrove, less than one mile from the railway station, and within 22 miles by rail from Nelson, and surrounded by good roads. The prospectus states that the land is specially suited for tree growing, and has already proved that it is ideal for pinus insignis trees, which have been grown on the property for years. Another feature is that over 2,000,000 feet of timber were used for fruit cases last year in the Nelson district alone, and the quantity required for this purpose is rapidly increasing, so that there should be an assured market for any timber that may be cut in the future. , Nelson Pine Forest, Ltd., has a capital of £75,000, divided into 3000 shares of* £25 each, payment .being spread over five years without interest on outstanding instalments. The provisional directors are men of business acumen and experience, who are familiar with Nelson timber and commercial conditions. It is proposed to planUan average of 500 trees to the acre (except 500 acres at 300 to the acre), and it is considered that felling will commence in fifteen years’ time, with about 50,000 feet to the acre, increasing to over 150,000 feet to the acre in 40 years’ time.

The prospectus is a most interesting and illuminating document, well worth reading by all who are interested in forestry or future timber supplies, or in an investment that is as alluring as it it unusual. The prospectus will be forwarded post free on addressing The Secretary, Nelson Pine Forests, Ltd., Nelson. Applications for shares may be made to any broker affiliated to the Stock Exchange Association of New Zealand, or any branch of the Bank of New Zealand, from whom prospectuses may also be obtained. Chief North Island Brokers:'. A. Mv Adams and Y?o., Panama street, Wellington.