N. Guinea
p. 40 · Read in the full issue
To Seek Gold in Dutch N. Guinea Powerful Anglo-Dutch Co. is Registered
A COMPANY representing an amalga mation of very important Dutch and British interests has been registered in the Dutch East Indies as the New Guinea Mining Company, with the object of carrying out on a large scale a search for gold in Dutch New Guinea.
The companies concerned and their respective interests are as follows;
In the foregoing table the exchange value of the guilder has been taken as 5.75 guilders to the Australian pound.
Two areas have been granted to the New Guinea Mining Company for pros pecting—namely, one area 505,000 million hectares, which area lies along the north coast of Dutch New Guinea, right up to the border of the Australian Mandated Territory, and thence extending south wards; while the smaller area covers a wide region in the Vogelkop Peninsula.
The concession which has been granted to the company covers all minerals except oil. As was announced in this journal some months ago, the right to prospect for oil in Dutch New Guinea has been granted to the Netherlands New Guinea Oil Company, representing the Bataafsche Petroleum Co., the Colonial Oil Co., and the Pacific Oil Co.
The New Guinea Mining Company will have seven directors—four Dutch and three British, namely, Dutch; Baron van Tuyll van Serooskerken van Coelhorst, Jonheer E. T. M. J. Michiels van Verduy nen, Mr. A. C. Meyer and Mr. P. J. Jan sen; British; Messrs. T. W. Baker, R.
Annan and H. Nicholls.
Guilders.
Billiton Company 337,500 Erdman and Sielcken 377,500 Australian Selection Trust . 391,000 N.W. Consolidated Goldfields 177,000 Anglo-Oriental General Investment Trust 106,000 Mt. Allied 71,000 Total 1,460,000