Guinea Airways' Interesting History
p. 72 · Read in the full issue
Shown in Figures
IN the year ended February 29, 1940, Guinea Airways, Ltd., which com menced air transportation in New Guinea in 1929, made a profit of £16,755, and paid 7 per cent, on both ordinary and preference shares.
A number of tables in the directors’ 19th annual renort set out the position very clearly, and also show the interest ing history of the company.
It will be remembered that two large modern Lockheed aeroplanes were lost recently by this company, on its Adelaide- Darwin service; and, owing to the out break of war and the tremendous de mand for aircraft, it was feared that Guinea Airways would have difficulty in replacing them. However, the Company was lucky in being able to find in Britain another aerial transport concern which had modern Lockheeds for sale, and three machines were purchased immediately.
These Lockheeds already have arrived in Adelaide and they are being assembled and brought into the Adelaide-Darwin service without delay.
Meanwhile, the old-established aerial transport service in New Guinea is being operated smoothly, profitably and econ omically as is shown by the above figures.
Rev. and Mrs. C. F. Rich, formerly of the London Missionary Society in Papua, are at present in Sydney, where Mrs.
Rich is undergoing hospital treatment for a serious illness. They recently completed 40 years of service with the L.M.S. at Isuleilei.
In New Guinea.
Average freight Year Ended Cargo Net rate February 29. (Tons) Passengers.
Revenue, per lb. 1929 . . . . 434 869 6,226 10.61d. 1930 . . . . 949 2,047 31,567 8.28d. 1931 .. .. 1,146 1,995 22,077 6.50d. 1932 . . . . 3,947 1,607 28,725 5.91d. 1933 . . . . 3,980 3,856 13.053 4.31d. 1934 . . ,. 6,044
7, Sb's
30,202 4.12d. 1935 .. .. 6,102 9,721 20,818 3.36d. 1936 . . .. 6,476 12,137 25,876 2.90.d 1937 .. .. 6,705 11,869 13,887 2.49d. 1938 .. .. 8,408 12,120 10,895 1.94d. 19*39 . . 8,804 11,626 17,020 2.07d. 1940 .. 8,374 11,481 14,899 1.97d. 61,369 86,726 £235,245 IN
Australia
1938 . . 18 1,918 1939 . . 117 2,332 -755 1940 . . . . 135 5,938 1,856 270 10,188 £1,101