Papuan Road To Be
pp. 57-58 · Read in the full issue
Repaired
From Our Own Correspondent
Pt. Moresby, Aug. 24.
SATISFACTION has been expressed by residents of the Sogeri District, Papua, at the vote of £BOO in the coming year’s Estimates for repairs to that por tion of the road known as Magigi-Sogeri. which has for past years been neglected owing to lack of funds.
The district is well known and holds large areas of rubber lands under culti vation. The section of road in question leads over rocky ridges of the Astrolabe Range. Owing to its rough and broken surface, it has hindered transport to and from Port Moresby, preventing cars and lorries going the whole distance.
The Southern Pacific Insurance Com pany Ltd., which was registered in 1935 as a subsidiary of W. R. Carpenter & Company Ltd., made a net profit of £2618 for the year ended March 31. A dividend of 6 per cent, per annum is recommended.
Issued capital is £43,750, in 25,000 shares, fully paid to £1 each, and 75,000 shares, paid to 5/- each.
Mr. Jim Leahy, of the well-known Leahy brothers in New Guinea, left Bris bane by the Macdhui on August 30 for Port Moresby en route to the N.G. goldfields.
Mrs. S. Costello, of Rabaul, arrived in Australia from New Guinea by the Nellore on August 20. After spending 10 days’ holiday in Sydney, she went on to Inverell, N.S.W., her former home, where she is now staying with her parents, Mr. and Mrs. W. Errington Gray.