Drastic Mining Law in Fiji Effort

Fiji Effort to Curb Unhealthy Speculation

THE Governor of Fiji is determined to make an effort to check the wild speculation in Fiji shares, which has done so much to prejudice the proper estab lishment of the gold industry.

A Mining Bill has been introduced to the Fiji Legislative Council, which pro poses to make a new law that any com pany which proposes to undertake gold mining in Fiji, and to sell shares to the public, must first submit its prospectus

to the Governor, and obtain his formal approval of same.

It appears, on the face of it, to be a very drastic law; but the atmosphere In which Fiji gold companies are being pro moted in Australia is such that it has caused the Government much concern, and extraordinary measures are con sidered to be necessary.