B.N.G. Co.’S Profit
p. 44 · Read in the full issue
r rHE British New Guinea Development Co. Ltd. (a British Co. operating coconut and rubber plantations in Papua) made a profit of £12,515 in 1934-35, mostly from rubber. The Co.’s general position has been much improved; but it still is handicapped by the dead weight of £llO,OOO of debentures carrying 7 per cent, interest.
Mr. Dave Brown returned to the Cook Islands, from New Zealand, on October 6, to take over the management of Messrs.
W. H. Grove and Son’s branch at Raro tonga. The appointment is a popular one in many quarters as he made numerous friends in the group during his several years with the Cook Islands Native As sociation. The former manager of Messrs.
Grove and Son’s store, Mr. H. R. Harris, has returned to New Zealand with his family.