Value Of New Guinea.
p. 35 · Read in the full issue
Gold Production and Total Administration Cost.
fN reply to questions, the Prime Minister of Australia stated, on on May 24, that gold of the value of £1,149,333 has been produced in New Guinea from May 9, 1921, to March 31, 1932. During that period, gold of the value of £1,148,703 has been exported from the territory, all of which has been sent to Australia.
Asked what had been the cost of administering the Territory since Aus tralia was given the mandate, the Prime Minister replied: Payments, other than loans, have been made by the Commonwealth Government in respect of the adminis tration of New Guinea from May 9, 1921, to June 30, 1931, as follow: (i) Grants totalling £65,000, to be utilised fer the welfare of the natives. (ii) Bounties under the Papua and New Guinea Bounties Act, 1926, £3,817. (iii) Miscellaneous expenditure total ling £8,584. (iv) Portion of the annual subsidy for the maintenance of shipping services to several territories in the Pacific, including the Tenitory of New Guinea, esti mated at about £160,000.