New Co. For Papua
p. 11 · Read in the full issue
T'HE following appeared in the Sydney newspapers at the end of February: British Australian Fibre Co. Ltd., capi tal £750,000, in shares of £1 each, was registered in Canberra. The objects of this company are the production of nipa palm, the extraction of alcohol, and the manu facture of paper pulp from palm and other fibre in Papua and New Guinea.
Subscribers: D. Hampson, J. C. Paige, E.
D. Antire, B. H. Oxlade, A. D. Reid, C. E.
Taylor, S. I. Battershill.
This is a new concern formed to take over the Commonwealth Hemp Corpora tion Ltd. (which has been trying to estab lish sisal hemp in Papua) and other in terests. Its plans include the investiga tion of Kurukuru grass as a possible source of supply for paper pulp. The offices of the Co. are at 14 Martin Place, Sydney. Mr. E. J. Frame, of Port Moresby, who arrived in Sydney early in March, has been consulting with and advising the new company.