The news magazine of the South Pacific · since 1930

Pacific Islands Monthly, 19 December 1934Vol. V, No. 5

T.I. Pearl-Shell Industry

p. 22 · Read in the full issue

Thursday Is., Nov. 17.

Our pearl-shelling industry has a gloomy outlook at present as it has been unable to find a good market upon the completion of its contract with a New York buyer. He has purchased practi cally all the local M.O.P. shell for several years, but now refuses to continue.

Drastic alterations will probably be made in the marine industry. One ef fect is the closing down of the Port Ken nedy Engineering and Shipyards Co.’s works. This is a tremendous pity, as European labour has been used by the “P.K.,” whereas this class of work was, for years, in alien hands. It is hoped that brighter prospects will cause the works to re-open.