H.—258

mmmEmmEmm. «Utiag to the eft* » N ,w Z«W. cedi« ~., and embodies a list of such recommendations. ~, t odr of ssssc sSrisS rsi-cs::-■— —- -"«- our efforts by the pursuit of tendencies along every path which was opened to us. Such a Us* wouia b< SSS» for our report we have made a full search of the relevant records of the" PreS Tn te a d ddZ r n, fnuXrrf individuals have forwarded to us statements relating tovariot» legislation in other countries. PART lII,—LAND-UTILIZATION COMPANIES. (We use the word " bonds " in this part of the report, except where the context clearly indicates otherwise ( as a nttcZlto include forestry and other land-uUUzaUon bonds, investuent securities, deletes, and other similar instruments issued in series. The nature of these n discussed below.) 1 EXTENT OF OPERATIONS. mag lE:stlt*nlm; e anirare first in importance as regards number of companies area planted, m.l imtaT invested have knowledge of forty-six afforestation companies-exclusive of eubiryP companies-which have operated in New Zealand during the past ten years, and - I i to Forestry Department records, was as follows : — Acres. '. aj _ , , , ' 393,000 Exotic btato forests ■ • • • • • 9t _ n non Planted by afforestation companies .. •• •■ .. Plantations owned by local bodies, individuals, and educational ~ ■, • o DU, UUU authorities, &o. • • • • • • n, * i ... 703,000 Total ..

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