Stabilisation Fund
p. 30 · Read in the full issue
For Papuan Rubber Growers
From Our Own Correspondent
Pt. Moresby, Nov. 3.
SIR HUBERT MURRAY has received advice from the Minister in Charge of Islands Territories that the Federal Gov ernment has approved of the creation of a Rubber Stabilisation Fund to be created by the payment to a fund of the duty col lected on rubber imported into Australia from Papua and New Guinea.
A Bill will be submitted to the Federal Parliament shortly to give effect to this decision. It will provide that from Octo ber 1 of this year the duty paid on rubber imported from Papua will be paid into a fund instead of being remitted to the Papuan Government for distribution to planters.
The measure was suggested by Papuan rubber growers themselves earlier in the year, when the question arose of abolish ing the grant-in-aid of 2d. per lb.
Mr. and Mrs. J. R. Baird, of Suva, arriv ed in Sydney from Fiji by the Aorangi on November 30. Mr. Baird is assistant manager of Cable and Wireless Limited at Suva.