The New Zealand Railways Magazine, Volume 9, Issue 1 (April 2, 1934.)
Plans for Three Factories
Plans for Three Factories.
The nominal capital of the company is £300,000, which would provide for three fully-equipped factories — one in Auckland province and one in Southland in addition to the Foxton establishment.
Up to the present the company has expended about £40,000 in land, buildings and plant at Foxton, but this sum does not represent the full development which has been planned for this locality. Even at this initial stage the mills will give direct employment to about eighty persons, but it is expected that the total will exceed 300 when this Foxton factory is developed to its full capacity.