Germany Buys Nickel From New Caledonia

New Caledonia

TT is reported that German interests are seeking to make arrangements for the purchase of very large quantities of nickel in New Caledonia.

Mr. Burkard, of Sydney, who is a well known German buyer of metals and minerals, paid a visit to New Caledonia last year; and he returned early this year to the French Colony with Herr Scheipe, who is an engineer attached to the great German armaments firm of Messrs. Krupp.

The two gentlemen at present are en deavouring to make arrangements for the purchase of a very large amount of nickel, and Mr. Burkard has entered into nego tiations with the owners of several mines in New Caledonia.

One report is to the effect that Ger many, between now and 1938, hopes to buy 200.000 tons of New Caledonian nickel.

A half-yearly dividend of 8 per cent, per annum has been declared payable on March 16 by W. R. Carpenter and Co.

Limited,