Fiji’S Prosperity
p. 50 · Read in the full issue
IN his address to shareholders at the annual meeting of Morris, Hedstrom Ltd. in Suva, the chairman of directors (Sir Maynard Hedstrom) said the finan cial position continued sound and the value of merchandise on hand and m transit showed an increase of £45,000 over the figures for the previous year, due to improved business conditions and a gen eral advance in the price of merchandise.
Increased profit was due to a record crop of sugar, a substantial increase in the production and selling price of copra and the continuance of expenditure on the development of the Tavua gold fields.
Prospects for the current year werfc satis factory.
Messrs. P. A. Morris and H. E. Snell, the retiring directors, were re-elected.
Mr. John Graham Percy, of Bulolo Gold Dredging Ltd., New Guinea, married Miss June Norma Worsted, of Summer Hill, early in June.