Late N.G. News
p. 10 · Read in the full issue
Bulolo dredges (1, 2, and 3) produced 9803 ounces of bullion in April (giving 6605 ounces fine gold) from 612,700 cubic yards.
Working profit, £36,380 (Australian).
Aviator Ulm, in his “Faith in Australia,” will leave Melbourne at 4 a.m. on June 16, with the first official air mail for New Guinea. He will fly via Queensland and Port Moresby to Lae, where he is due on June 18; and he will return four davs later.
Guinea Airways Ltd (issued capital £75,000) made a net profit of £30,401 in the year ended February last, compared with £13,053 in last year, and £28,725 in 1932. Details next issue.
Guinea Gold, N.L., an Adelaide holding and prospecting company, with an issued capital of £50,000, made a net profit last year of £8175.