I found something had been boring holes into the trunk base of this tree,
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In my experience there are three types of wood borers. Grub/beetle type that usually attack only dead wood, Wood wasps which act in much the same manner as beetle grubs but also seem to take on live wood. Both of these would not usually cause too much harm to the tree but could ruin the design of a bonsai. The third is a pretty nasty one that I have not fully identified yet but is characterised by a sawdust residue stuck together covering the infected area. This critter spreads through and over the tree eating live tissue Although I have an acacia in the front yard afftected for several years after I started pruning it heavily as well as a neighbour's tree that seems to be dieing from the infection. I have never had it spread to one of my bonsai.
I have also noticed both Japanese gardens in the Central west has several trees affected by this critter.
The distinct hole in the paperbark suggests that it is a wood wasp or beetle larvae. I stuck some wire down the holes to see the depth ( almost 20mm

) and also to maybe get lucky and squash the critter.
The next day I noticed some fresh sawdust at the opening of a hole so I filled the kitchen sink full of water and dunked the tree seeing if I could suffocate it out.
Within several seconds the critter showed itself and I had the bugger.
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I came across one of these years ago in a mulberry bonsai. It was quite a surprise to find something moving in my tree when looking closely one day and then some fun catching the bugger with tweezers. I have had no further incidence with the mulberry tree.
I believe the wasp enters the tree to lay eggs so hopefully I got this little bugger before it had the chance.
In any event I will not plug any holes but just keep an eye out for any further activity and any offspring will get the same treatment.
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It's too bad your in such a hurry cause the stories I could tell you, Bushels and baskets of stories, hole crates full of stories. But if you can spare a moment I will tell you one story.