B.N.G. Development Co.
p. 65 · Read in the full issue
FOR the year ended January 31, 1935, the British New Guinea Development Co., of London, which owns plantations in Papua, records a profit of £4,300, compared with a loss of £9,160 the previous year. Production of copra more than trebled to 2,300 tons, and rubber output increased slightly to 815.0001 b. A profit of at least £lO,OOO is anticipated this year.
To provide £287,100 to eliminate a debit of £8,520 on appropriation account, and write down assets in Papua to a level more commensurate with present conditions, capital is being written down by 60 per cent.
Mr. Carlton Younger, planter, of Cape Marsh, Solomon Islands, departed after furlough in Australia by the January Malaita.