MONEY IN PINES.

Waikato Times, Volume 96, Issue 15865, 11 December 1923, Page 6

MONEY IN PINES.

When visiting Tasmania recently, Mr R. G. Robinson, superintendent of the Sctlwyn Plantations Board, Canterbury, was interviewed, and stated that Pinus Insignis trees are now very largely milled in New Zealand. “Not only the Sclwyn Board, but the Government, as well as private companies, arc piantnig Hie trees in big numbers. The board receives a royalty of f>/ per 100 super l'ect for the standing timber, and a Pinus Insignis 35 years of age usually produces within the region of 750 super feet. The tree is everywhere being grown in greater numbers, and its value is becoming more generally recognised, as the. timber can be used for building construction —for interior work more particularly—furniture making, fruit and butter boxes, and general purposes.. Pinus Insignis is remarkably free from disease. It, is also exceedingly hardy, and will grow in almost any situation.” The latest pine-growing company is Nelson Pine Forest, Ltd., which is being formed to plant an area of 34U0 acres at Belgrove, on the Nelson railway line. The forest-to-be is surrounded by good roads. There arc only 3000 shares, at £25 each. The shares arc being taken up readily. Prospectus may be obtained from Nelson Pine Forest, Ltd., Nelson, the Bank of New Zealand, or members of the Stock Exchange. The north Island brokers are. Messrs A. M. Adams and Co. Wellington, and the chief representative is Mr Roy S. Johnston.