New Guinea
p. 44 · Read in the full issue
Goldfields.
“May Be Permanent.”
“MINERS believe that some of the New Guinea goldfields, especially at the Wau and Bulolo, will be permanent, and a constant source of wealth,” said Mr. J. A. Carpenter, managing director of W. R. Carpenter and Co., Ltd., on his return to Sydney by the ‘‘Macdhui , in an interview with “The Sydney Morning Herald”.
Mr. Carpenter said that the production of gold was the only bright spot in the affairs of New Guinea. Conditions gen erally would not improve while the price of copra remained low. Planters had been disappointed by the sudden drop in prices during the past few weeks, especi ally as the end of a drought had ensured them a heavy output.