Copra Price In Northern
p. 18 · Read in the full issue
Cooks
From Our Own Correspondent.
Rarotonga, April 19.
MR. SAM BENNETT, former co-manager of Rarotonga’s leading store, re cently returned from furlough to take over control of Messrs. A. B. Donald and Co.’s interests in the Cook Islands. Alive to the problems of “depression trading,” Man ager Bennett plans to increase business by a rigid internal economy and closer co-operation between local firms for the purpose of securing mutual benefits.
Raising the price of copra to £2/6/8 per ton in the Northern Islands of the Group, one of his first moves was to make it quite clear that this amount would be subject to the £1 per ton tax which is to be re introduced on July 1. Executives have formerly taken into account any taxation before fixing prices and, consequently, a large number of native growers remained ignorant of the existence of such.