Big French Loan
p. 35 · Read in the full issue
New Caledonia Benefits
NOUMEA, December 2.
Altogether, 33,000,000 francs (about £350,000 sterling) has been now made available out of the first instalment of the large Paris loan, and it is estimated that a lot of useful work will be done with this money and, naturally, a good deal of employment created.
Later on, of course, the money will have to be paid back, but it is hoped that the work on which the money is expended will be of such a reproduc tive nature and the repayment spread over such a lengthy period that the population will not eventually have to pay very much additional taxation.