$10 million for trees

FORESTRY business Powton Land Holdings is hoping to raise $10 million to expand its operations by way of a debenture program.

The investment program is aimed at institutions, superannuation funds, retirees and pensioners.

For a minimum of $10,000 it guarantees a 6 per cent return and allows for any possible bonus income from company profits.

The debenture issue is secured by 536 hectares of land in Gingin that will be the site of a 240,000 tree Paulownia plantation.