From Solomon Is.
p. 76 · Read in the full issue
Guadalcanal, Ltd.
Several areas had been inspected in the Solomon Islands but none proved satisfactory, the directors of Guadalcanal, Ltd., state in their report for 1934, adding that while a suitable property is being: sought the company is being administered at negligible expense. Expenditure for the year in cluded £253 at Sydney and £118 at Fiji. Afterwriting-off £158 on account of vendors and £108. off plant, the debit balance is increased to £5611,. which is shown in the balance-sheet as a deduction from the paid-up capital of £6000, leaving the; capital item at £388. Cash balances amount to £307.