Guinea

To Prospect In New

Well-known Men in New Co.

ItTR. RAY PARER (aviator), Brigadier General E. A. Wisdom and Messrs.

R. M. Glasson and R. M. V. Blakemore are directors of New Guinea (North) De velopment, N.L., a company formed with a nominal capital of £lO,OOO, in 2000shares of £5 each, of which 1,000 shares have been offered for subscription at £2 per share on allotment. Six hundred are being issued fully paid to the members of an expedition and the remaining 400 are to be held in reserve.

The prospectors are Messrs. R. Shaw- Moody (who about two years ago found the Golden Deeps, and has had consider able experience), Raymond Parer, and R.

M. Glasson (one of the original dis coverers of Edie Creek). The expedition left by the last “Macdhui” and will in vestigate what they hope will prove to be an extensive gold dredging area in the Sepik area of New Guinea.

The syndicate will subscribe toward the cost of transport and boring operations to the amount of £5O per week, until application is made for a lease or leases.

The prospectors provide all necessary equipment, including an aeroplane and launch, at their own expense.

Rev. C. Moir Smith, of the London Mis sionary Society, returned to Papua from Brisbane by the Macdhui on July 27, after furlough in Australia since April. He is stationed at Urika, in the Delta division, Papua.