Large Scale Rubber
Planting In Papua
From Our Own Correspondent.
Pt. Moresby, Mar. 2.
117ITH the object of planting rubber ** on an extensive scale in the Kanosia District, Mariboi (Papua) Rubber Es tates was tncorporated under the Papua Companies Ordinance on February 15, with a nominal capital of £50,000, in shares of £1 each. Steamships Trading Co. are interested in the enterprise.
The company, it is understood, will take over a considerable area of land from Tropical Products Pty. Ltd., incor porated under the Papuan Companies Ordinance in January. The latter rec ently acquired 9,000 acres at Kanosia for planting rubber and other tropical products.
Kanosia is a well-known and tested rubber district in Papua, within easy reach of the seaboard.
