Solomon Is. Development Co.
p. 64 · Read in the full issue
THE accounts of the Solomon Islands Develop ment Co. Ltd., reveal a net profit for the year ended March 31, of £1328. The profit and loss account, after deducting this profit from the debit balance of £2160 carried forward from last year, shows a debit of £832.
Copra output for the year was 533 tons, com pared with 543 tons for the previous year. In view of the improved outlook, the directors stated that they felt justified in reopening the Manning Straits and Lutee Estates, which were closed down in June, 1934. Operations on those estates commenced in June of this year, and as a result there would be a material increase in copra pro duction for the ensuing 12 months.