the Money
p. 26 · Read in the full issue
New Guinea's Surplus
What Might be Done With the Money
TT is reported on March 31, 1935, the New Guinea Administration was show ing a surplus of £67,000 for the nine months, including £22,000 brought for ward from the previous year. It is probable that the surplus on June 30, 1935, will be shown as something near £90,000 —mostly the result of the ever growing gold royalty.
New Guinea interests are now on the qui vive. What will the Administration do with the surplus funds? Here are some of the alternative suggestions: Reduce the burden on the mining and transport companies by reducing the duty on mining machinery, aeroplanes and parts, and petrol.
Assist the whole goldfields population by paying a subsidy to the aerial trans port companies, on condition that the latter correspondingly reduce freights cLinicl. f3<ros Use the money to write down the value of expropriated plantations which are held under debt to the government, thus reducing the burden on planters.
Use the money to establish new agri cultural industries in New Guinea, to partly take the place of coconut planting.