Coffee Bonds

Activities of Island Plantations Ltd.

The plans of Island Plantations Ltd., a large company formed to establish a coffee plantation in New Britain, near Rabaul, on the bond-holding system, have been advanced considerably dur ing the month.

The Company’s prospectus has been favourably reviewed by the various Australian financial journals, and the company itself has engaged in very considerable publicity, apparently with satisfactory results. It is reported that enquiries about the bonds have been received at the company’s Sydney office from all parts of Australia. Bond salesmen have been engaged, and left during the past week for the different States.

The company believes that it is of fering a sound and attractive proposi tion to Australian investors, and has been courting the fullest investigation of its proposals. In this way, it has considerably strengthened the selling arguments of the men who are seeking to dispose of its bonds.

A feature of its proposals, which is attracting considerable attention is its offer to send to New Guinea, with all expenses paid, the nominated represen tatives of groups of people who are in terested in the proposition as prospec tive purchasers of bonds. The idea is that the utmost facilities for investi gation of the company’s plans, on the practical or planting side, as well as on the financial side, shall be afforded to anyone interested.