New Rubber Companies In
p. 24 · Read in the full issue
Papua
in January, two rubber com panies were incorporated under the Papuan Companies Ordinance in Port Moresby. They are: — Tropical Products Proprietary Ltd., with a capital of £5,000, in shares of £1 each, which has taken up a large area of land in the Kanosia district, amount ing to 9,000 acres, solely, it is under stood, for the purpose of planting rubber.
Rubberlands Limited with a nominal capital of £20,000, divided into shares of 5/- each, with the principal object of developing a rubber industry. Extensive areas, amounting to 5,000 acres, have been taken near the foothills of Kanosia, and already the initial work of erecting houses and preparing nurseries is well under way, under European supervision.
Steamships Trading Co. Ltd. are man aging agents for both enterprises, which lie in a well-known rubber district, and within easy distance along the sea-board, 30 miles west of Port Moresby. The regi stered office of both companies is the office of Mr. W. B. Molloy, Port Moresby.
Captain Arthur Tange, skipper of the 23-ton lugger Amy, who has been trochus fishing out of Samarai and Thursday Is land for years, arrived in Sydney from T.I. by the Taiping recently. He com plained bitterly of the wa* T in which the Japanese have “skinned” the shell reefs in northern waters.