Good Report from Steamships
p. 48 · Read in the full issue
Trading Co. Ltd.
AS a reflection of improved conditions in Papua, it is announced that Steam ships Trading Co. Ltd., merchants and shipowners, of Port Moresby and Sama rai. have made a full payment in cash of preference share dividends (equal to 5/per share) and will pay regular dividends in future.
Associated companies are active and profitable. Coral Seas Insurance Ltd., has paid its usual dividend of 10 per cent; and Sawmillers and Traders Ltd. (the old Port Romilly mill) has declared a dividend of 10 per cent.
S.T. Co. Ltd. has just purchased Vaiviri plantation (Vailala River) from Mrs.
Russell Smith. It adjoins Maira plan tation, already owned by the Co., and it has 350 acres of full-bearing coconuts.
The Co. is managing agent for the two new rubber companies, Rubberlands Ltd. and Maratoi Rubber Estates Ltd., where clearing and planting operations are now proceeding actively.