Extract from the “Rabaul Times,”
Friday, March 21st, 1930.
“Recently registered in Rabaul, this com pany has for its objects, inter alia, the planting of coffee on a large scale, 3,500 acres being one of the areas mentjoped.
“The Board of Directors comprises Mr. H.
G. W. Hanson (owner of Samo Plantation), Mr. V. B. Pennefather (owner of Tokua Plantation), and Mr. H. J. Washington (owner of Kabaira Plantation). It would be difficult to imagine a stronger directorate for such a company, each member being a practical planter, well and favourably known throughout the Territory.”
“The planting and general agricultural activities will be in the proved capable bands of Mr. Geo. Hanson, who planted, in a phenomenally short time, Samo Planta tion, the largest post-war British plantation In New Guinea.
“Mr. H. G. Murray (Director of Agricul ture) has reported that the area mentioned above is eminently suited to the growing of coffee and other tropical products.
“We have been privileged to peruse the company’s draft prospectus, and are of the opinion that the estimates are conservative, it would appear that the returns from an investor’s point of view will be excellent.”
