Higher Returns
p. 29 · Read in the full issue
N.G. Cocoa on English Market
jDECENT experiments by Messrs. Nel son and Robertson Limited, of Syd ney, indicate that cocoa-growers in New Guinea may receive good returns in Eng land.
Two parcels of cocoa-beans from a New Britain plantation were made up—one for Sydney and the other for London.
From Australian buyers Nelson and Robertson received in addition to the Commonwealth Government’s £l2 bounty, £46 per ton. The English return was £62, plus £l5/10/- for exchange, or £77/10/- Australian.
Receiving £62, together with an ex change bonus of 25 per cent., is decidedly a better proposition than getting a re turn of only £5B from Australian sources.
Messrs. Nelson and Robertson point out that the freight to London from New Guinea is about £2/10/- per ton higher than to Sydney. Even allowing for this,
the return from England is still about £l7 more than that received on the ship ment consigned to the Australian market.