Home' Greymouth Star : December 28th 2013 Contents Greymouth Star
West Coast feature
6 - Saturday, December 28, 2013
Seems like only yesterday
Biggest shock from Como
fall was end of Times
People on the West Coast believed that
if Como fell Hokitika would go with it.
e companies had so many investments
in the town wits began to refer to it as
Comotika. So far the job losses have
been few but signi cant for the small
community and there may be ow on
e ects to come. e biggest shock was
the laying o of more than 20 people in
the West Coast Times, the successor to
the Hokitika Guardian, which closed
three weeks ago. e closure left the town
without its own paper for the rst time in
125 years and was the most visible blow to
the town's morale.
Hokitika's mayor, Mr Henry Pierson
says people have to be realistic and face
up to the grim decade ahead. Talking over
the rain that the Coast had more than its
share of recently, Mr Pierson said young
people were coming out of school resigned
to be going on the dole.
" at's bad, Como could have seen
the danger signals sooner. I suppose
experience is a great teacher but the fees
are very expensive," he said.
Involvement cost Reefton
man his business
Mr Bert Waghorn reckons his
involvement with Como Holdings cost
him his 30-year business and the probable
loss of 17 jobs.
He is the former owner of a coalmine
at Reefton. "I might have well as stayed
on my own. is has actually bankrupted
me," he said.
Mr Waghorn said he signed over
ownership of his business on the basis that
it would be part of a consortium of mines
that would be listed on the stock exchange
and under the names Starline Minerals.
"It's embarrassing because the worst
thing I did was give them my trade name
Starline Minerals because they wanted an
established business name."
He accepted shares in payment for the
business and the intended company had
to be called o when the market crash in
October 1987 made the idea of oating
companies totally unrealistic.
Instead of a business that brought in a
good pro t each month Mr Waghorn now
has what he considers worthless pieces of
A record after tax pro t for
Phoenix Meat company
e Phoenix Meat Company Limited
has recorded a record after tax pro t
of $1,949,069 for the current year's
Revenue generated by the company,
including interest on investments totalled
$13,541, 419 against total expenditure of
$11, 203, 055. Taxation per the loss and
pro t account totalled $520, 146.
A total of $130, 851, as an extraordinary
item was achieved by writing o the
regional development suspensorary loan,
$67,025, and with reduction of deferred
tax liability on timing di erences from
48c to 28c ($63,826).
In his annual report, chairman Mr
Frank Wall said the nancial result had
been "exceptional" in a year, in which
throughout, despite being the company's
second best, had fallen by 10% to 33,719
He said the company was nancially
secure with sound prospects for the future
but this was not the case for some of its
"It is with bitter disappointment that
I observe our Government of the day
squander the abilities of farming families
in their endeavours of hard work for
themselves and ultimately the nation
by not rewarding them fairly for their
Telecom lays bre cable
Telecom sta from Greymouth and
Hokitika are in the nal stages of
implementing the installation of the bre
optic cable from Greymouth to Hokitika
and the associated spur to Kumara.
e project will enable circuits to be
provided to Hokitika and Kumara.
Additional subscriber cables are being
installed in conjunction with the bre
optic cable and these will
improve ser vice to customers
in Kumara Junction, Gladstone
and Camerons areas, the
Telecom manager, engineering at
Greymouth, Mr Garry Carleton
"Over 34km of cable has been
installed in the ground using
a moleplough attached to a
D8 Bulldozer, the remainder
being either trenched or pulled
into existing ducts. Each bre
optic drum contains 6.4km of
continuous cable and weighs
1.7 tonnes when full. e cable
contains several thin glass bres
approximately the thickness of a
human hair and, if subjected to
too much tension, can break."
A stand-alone Coast,
A stand-alone regional
council has been proposed for
the West Coast in the draft
local and regional government
reorganisation scheme released
today by the Local Government
e commission has abandoned
its indicative proposal for a
merger between West Coast and
Nelson and opted instead for
a combination of Nelson and
Marlborough with the West
Coast standing alone as a region
with three district councils. e
commission has reverted to
its earlier proposal for a single
region at the top of the south, chairman,
Mr Adrian Elwood said today.
"Although it would have preferred
a single region to cover Nelson,
Marlborough and the West Coast it
recognised the practical di culties this
would have imposed. Despite the strong
identi cation within each of the areas the
commission considered the West Coast
had the best claim to stand alone."
Nelson and Marlborough, in the
commission's view, have more in common
than do Nelson and the West Coast.
e West Coast Regional Council
would encompass the same boundaries as
the existing Westland Catchment Board
and one of its responsibilities would be
administration of water and soil.
Good things ahead, says
e mayor of Greymouth, Dr Barry
Dallas, suggests a brighter future for
Greymouth and the West Coast in his
Christmas Message today.
is has certainly not been been one of
our better years, and memories of the two
Greymouth oods, especially the one of
September 13, are still sharp for a lot of
But we mustn't dwell too much on the
past and on what has happened. We
should all count our blessings and look to
trying to improve our situation and that of
e oods tended to bring out a lot of
good that is in people. And, while we in
this part of New Zealand like to stand on
our own two feet the level of spontaneous
outside assistance we received both
in terms of voluntary e ort and cash
contributions was very heartwarming. I
fully expect the region and this district in
particular to get a signi cant boost soon
when a decision is made to go ahead with
the Rapahoe coal project.
is will be a tremendously important
development, and together with projects
and proposals and possibilities in other
directions I think it's going to mean good
things for the Coast.
At any rate, Morghan and I and the
newest addition to the Dallas Menage,
Peter the pup, would like to wish you the
Have a happy Christmas and may 1989
be good to you all.
Take care. Kia ora tatou katoa!
As 1988 wound down the Greymouth Star, between December 17 and 23 carried an expose on the collapse of Hokitika company Como Holdings. Phoenix Meat
Company recorded a record pro t, Telecom was laying a bre-optic cable between Hokitika and Greymouth, the Local Government Commission had decided that
the West Coast should be a stand-alone region and Greymouth Mayor Barry Dallas, who referred to his dog Morghan as mayoress, was predicting good things for
the new year.
Mayor Ron Hibbs opens the information kiosk at Blackball.
Power Road, Greymouth, as the rst homes go up.
Kumara identities at the Greymouth races at Omoto --- Peter Sinclair, left, Allan Stuart and Wally McNabb.
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