Shipment
p. 25 · Read in the full issue
Papua’s Biggest Gold Shipment
THE largest amount of gold exported from Papua since 1921 was shipped last year, when 21,732J0z, valued at £68,922, were despatched, stated the an nual report of tfte Lieutenant-Governor (Sir Hubert Murray), tabled on March 27 in the Federal Parliament.
“So far,” ran the report, “this Territory has escaped considerable attention from speculative mining companies and inves tors of the get-rich-quick order, and prob ably this is due to the fact that much of the auriferous country is already in good hands.
“Rubber production showed a slight increase on the previous year, when 1069 tons, valued at £79,031, were exported.
“Coconut planters have so long con tended with adversity that one must fear, if prices do not soon reach a profitable level, and remain there, the industry will simply fade out. It is this industry we have always looked to to absorb the bulk of our native labour,” said Sir Hubert.