Coffee and Kapok.
p. 47 · Read in the full issue
Many planters in New Guinea and Papua are experimenting with coffee and kapok, with an eye on the Australian market, and we have arranged to publish Australian quotations in future. New Guinea and Papuan coffee, enter ing Australia, would be free from duty and exchange. Practically none is being received from those Territories at present.
The following quotations were given on Octo ber 13:—
Coffee.
Robusta, f.a.q., imported from Java, on firm conversion of exchange, c.i.f., Sydney, per cwt., G3/6.
Robusta, as above, based on 9 gulden to Aus tralian £, fluctuations at date of shipment on buyer’s account, 61/-.
Arabian (Aden) Hodeidah No. 1 (pure), c.i.f., Sydney, per cwt., 78/-.
Djibouti, Longberry Harrar Extra, 78/-; No. 1, 76/-: No. 2, 74/-; pure. 72/-.
Importers of Robusta coffee from Java pay the following charges: As above per cwt.: 63/6; remitting 25% per cent, exchange, 16/2; duty 4d. per lb., 37/4; primage 10 per cent., 6/3; landing charges, 1/-; total, 124/8 per cwt., equal to 1/1 id. per lb.. landed cost. Coffee imported from Papua and New Guinea would escape exchange and duty equal to 53/6 per cwt.
Kapok.
Australian supplies now imported from Java.
Based on an exchange conversion of 9 gulden to Australian £, the Australian c.i.f. prices cur rent in mid-September were, per lb.: Prime Samarang, 0%d.: prime Japara, 6d.