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Three West Coast Timber Mills Seek Govt Assistance

Fuseworks Media
Fuseworks Media

Wellington, Oct 1 NZPA - Three West Coast timber mills are pinning their hopes on government assistance to help them out of their financial troubles.

A press release from Barry White, an adviser to one of the companies, said he believed senior ministers would meet next Monday to discuss the issue.

Mr White advises Hokitika based WE Whiley & Co, which was forced to go into liquidation recently.

He said it was one of three companies looking for assistance.

"Credible sources have indicated that (Finance Minister) Michael Cullen, Trevor Mallard (SOE minister), and Jim Anderton (Minister of Forestry) may be sympathetic towards a package that will assist the three worst affected West Coast mills in the interim, and a wider proposal for the remaining West Coast timber industry," Mr White said.

"Details of the solutions/compensation package to be offered are not yet public; however it is understood that a meeting will be held at the Beehive on Monday which will largely determine the outcome."

Mr White said he hoped the compensation package would defuse the immediate crisis in the short term and open the door to a wider solution for the longer term.

If however the package failed to be passed in time, or was inadequate, it would merely add fuel to the fire in a region already hurting, he said.

(seeking comment from Government)

NZPA PAR il nb

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