ACTG 2010 Lecture Notes - Lecture 10: Cash Flow, Oji Paper Company, Canfor
12 Jul 2016
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Document Summary
In 1951 they purchase a controlling interest in a old mill from the sorg paper which had many ups and downs. Pulp and paper have been a thriving industry for 200 years. The industry took of once discovered paper can be made from wood rather then cotton and linen. By the end of the first world war, canada was the largest exporter of pulp and paper. The industry slowed to a crawl during the depression, but was in a boom after the. Bill mcmahan urged poldi bentley to buy a controlling interest in howe sound pulp and. They understood the mill was in poor condition, but they were not financially strong enough to build a mill from scratch. They moved all usable equipment to the eburne operation, and then tore the rest down. Wanted to get the port mellon mill up a running. Got a tax-free status from the federal finance minister on one condition.
