Activity in Planting and
Papuan Progress
Activity in Planting and Mining
Port Moresby, July 4.
THE organisation of the sugar industry, from which we hope so much, is making progress.
Sugarlands Ltd. has been taken over by Sir Walter Kingsmill’s interests, and some activity is expected soon. This concern originally was Papuan Rural Products Ltd.; then it became Sugarlands Ltd.; and now, under the new ownership, it is called Papuan Sugar Corporation Ltd.
There is considerable and very promising activity in gold-mining, and a project to grow tea here is being seriously considered.
It is reported that a Mr. Owen, who is connected with an English company, is now in Australia making arrangements under which a very large area of Papua is to be most thoroughly and scientifically prospected for gold. It is reported also that the Government is favourably impressed with the Company’s plans, and will assist it by passing special mining legislation.
A new company, Sogeri Plantations Ltd., was registered in June in Port Moresby, with a nominal capital of £5,000 in shares of £1 each. The first directors are Messrs. Tom Nevitt. F. B. Godson and A. O. Pollard, with the registered office situated at the B.N.G. Trading Co., Ltd., offices. The objects of the new company are planting and trading.
