Leaves £200,000 P.A.
p. 17 · Read in the full issue
In Colony
Value of Fiji's New Gold Industry
IT would appear that the new gold industry in Fiji, established within the last few years, is already worth over £200.000 per annum to the Colony.
In an interesting contribution to the “Fiji Times" the chief accountant of the Emperor Gold Mining Co. says that the two mines, Emperor and Loloma, in 1938, employed 1.450 men (Europeans, Euro nesians, Fijians, and a few Indians) and paid them £130,000 in wages. In addition, the companies paid the following;— £ Total direct duty, port and ser vice tax paid during 1938 on imports for the two Companies totalled 11,549 Indirect duty, etc., on purchases of imports from local firms (estimated) 1938 11,127 Total Royalty, Port and Service Tax on Gold Exports for 1938 39,738 Estimated Income Tax payable by the two Companies for the year 1938 16,398 Total £78,814 Mr. Taverner says that it is fully ex pected that these figures will be re peated annually for many years to come.