Copra Export Tax Lifted in N.G.
p. 28 · Read in the full issue
From Our Own Correspondent.
Rabaul, Nov. 14.
ALTHOUGH it is impossible to pass the necessary legislation until the Legis lative Council meets next February, it has been officially announced that the copra export duty will be lifted as from November 1, 1933, so long as the London market price is less than £10 per ton.
The present export duty is on a sliding scale and for the past few months has amounted to about 2/6 per ton.
This announcement means that there will be a considerable rebate due to the shippers as soon as the legislation has been put through the Council.
The Consulting Engineers to New Guinea Goldfields Limited report that the third dredging area has been tested and found to be unpayable.