STANDARD WOOD PULP.
Very satisfactory progress was reported at the statutory meeting of the Standard Wood Pulp Company. When the issue was made, said Mr. A. L. Sydney, who presided at the meeting, half their 1929 output had been sold, but they had now sold the whole of their output on favourable terms, with the exception of 10,000 tons which had to be kept to supply certain customers. They hid encountered very great natural difficulties, but the whole plant would be erected and in full production in December of this year, and they were considering the building of a sulphate mill, as the consumption of sulphate pulp was constantly increasing. The Directors had decided to pay a dividend on the Preference shares at the rate of 71 per cent. per annum covering the first three months of the company's operations and in future to make such payment quarterly instead of half-yearly.
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