How Gold Revenues Save
pp. 8-9 · Read in the full issue
N. Guinea
IN the year ended June 30, 1940, New Guinea’s revenue was £496,690, com pared with £460,836 in 1939. Gold revenues increased £59,825; all others de creased. Expenditure was £soo,6ls'(includ ing an exceptional sum, £15,676, for de fence) compared with £502,580 in the previous year. The growing gold revenue is all that keeps this Territory’s finances sweet. There was a surplus of £59,691 in the Treasury two years ago; now it is down to £14,022. It was bitten into by over £40,000 in 1938-39, and by another £4,000 last year.
The facade of the Rabaul Swimming and Life Saving Club’s new swimming pool, which was officially opened by the Acting-Administrator (Hon. H. H. Page) on July 28. —Photo.; C. H. Mean.