N.G. Finances Show
p. 10 · Read in the full issue
Surplus
From Our Own Correspondent.
Rabaul, Sept. 1.
For the twelve months ended June 30, 1934, there was a surplus of consolidated revenue amounting to £26,127, which is £1,540 greater than the surplus for the previous twelve months.
Mining revenue amounted to £89,479, an increase of £19,887; fees and fines showed an increase of £10,216. In ex penditure there was an increase in Dis trict Services expenses amounting to £13,921. The total amount obtained from Customs revenue was £157,342.
Mr. Cuthbert, principal owner of the famous Amuna mine on Misima Island, Eastern Papua, paid a hurried visit to Brisbane and Sydney, and returned by the September Macdhui. It is reported that he has sold his mine at a good price to an Australian company.