NG £1½ Million Plywood
p. 34 · Read in the full issue
Project
TH E Australian Minister for *3 Territories introduced a bill in i the House of Representatives,. ,1 Canberra, in mid-November to pro- vide an additional £250,000 for the e joint Commonwealth Government— Bulolo Gold Dredging timber and 1 plywood project in the Bulolo- c Valley, NG.
This amount is in addition to the e initial £500,001 contribution by the 9 Commonwealth. The company agreement provides for a nominal I capital of £2,000,000. Shares are 9 held in the proportion of 51 Com- monwealth to 49 BGD.
The plant at Bulolo to produce 9 plywood sheets will be ready for the 9 official opening by Mr. Hasluck late 9 in January.