Kauri Timber Company, Limited, Auckland. This company was formed in 1888, with a capital of £1,250,000, paid up to £750,000, and its operations are of a very comprehensive nature. Besides the headquarters of the company in Melbourne and a branch in Sydney, there are sixteen branches in New Zealand, where milling operations are in active progress. The magnificent forests owned by the company form a most valuable asset, and assure steady supplies for its mills for many years. Between 300 and 400 men are engaged in the Auckland mill and factory, and throughout the whole of the company's operations in mills, stores, and forests, some five or six thousand people are employed. In its extensive export trade the company employs a large fleet of vessels, and is represented in the markets of Great Britain, Cape Colony, Australia, and the South Sea Islands. It is evident that in connection with the timber industry and those dependent upon it, the Kauri Timber Company is a most important factor, and that the welfare of the whole population in the districts over which its operations extend is intimately associated with that of the company.