Shortland Is. Plantations Ltd.
p. 57 · Read in the full issue
SHORTHAND Islands Plantations Ltd., operat ing in the Solomons Group, reports a net profit of £1542 for the year ended January 31, compared with a loss of £l2O the previous year. The company returns to the dividend list with a distribution of 3 per cent., requiring £1432.
The last dividend was 2 per cent, for 1932-33.
Against £B6O brought forward, £970 is carried forward. The directors state that the price cf copra improved during the year. Copra production for the year was 613 tons, compared with 680 tons the previous year. The decrease is attributed to seasonal conditions. Capital is £47,735, and estates are valued at £45,023.
Mr. T. L. Sefton, manager of Koitaki Para Rubber Estates Ltd., Papua, joined the Macdhui at Brisbane on May 30 on his return to Port Moresby.
Mr. Henry Holland, of the New Guinea Mission, returned to his station at Isivita, Papua, by the May Macdhui.