Papuan Rubber Company Has
p. 32 · Read in the full issue
Good Year
A SHARPLY increased net profit is re vealed in the annual report of Koitaki Para Rubber Estates, Ltd., whose plantations are in Papua, for the year ended June 30. Profit was £9,882 compared with £3,555 for the previous period. Ordinary dividend, at 10 per cent., is double that paid in 1938—this year two interim dividends of 6d. per share were followed by a final dividend of 1/-.
Output of dry rubber increased by 53,975 lb. to 503,277 lb., and was a record for the estate. It is estimated that the current
year’s production should reach 520,000 lb.
The list of assets includes: plantations and buildings, £76,819 (last year, £73,278): plant, £1,674; rubber stocks, £972; stores, £729: debtors, £1,202: investments, £5,097 Creditors and taxation, in the liabilities account, is set down at £4,893. A sum of £326 representing tobacco development on the estate was written off; £2,000 has been placed in reserve; and £1,012 carried for ward.
Mr. J A. Fulford recently married Miss Florence Gallaher at Port Moresby, Papua. The ceremony was performed by Rev. Father McEncroe.