FORESTRY BONDS.
THSII EDITION
SCHEME CONDEMNED. BY VICTORIAN MINISTER. /disappointment for holders. f United Press Association;. ; (Received August 3, 1.25 p.m.) MELBOURNE, August 3. / In the Assembly the Minister of j forests attacked the business methods I of the New Zealand and Victorian t'or--1 est companies. He said the companies | had been selling bonds to thousands | of people in Australia at £25 and i->0 : respectively, representing that the | bond entitles the holder to the timber i and an acre of land, which would be • worth £SOO in 20 or 30 years. He ; doubted it it would be worth £lO. : Tliese enterprises claimed that high j prices would be paid in future for | soft woods for pulping purposes but nowhere was soft wood used lor that ; purpose.
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Bibliographic details
Waikato Times, Volume 102, Issue 17169, 3 August 1927, Page 8
Word Count
126FORESTRY BONDS. Waikato Times, Volume 102, Issue 17169, 3 August 1927, Page 8
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