Fiji Firm Hit By Copra

Position

A WELL-KNOWN and old-established merchandising business in Fiji— namely, Jang King Loong Co. Ltd., engaged mostly in buying and selling among natives —announced in October that it was going into liquidation. , “It is with regret,” said the manage ment, in a notice published in the Suva newspaper, “that we are compelled to admit that the copra situation has forced us out of business.”

All Suva stocks of groceries, glassware and draperv were sold during October and earlv November, at whatever prices could be obtained; and, subsequently, the stocks at country branch stores were sold by auction. The collapse of this old business, and the price at which it threw its stocks unon the market, naturally disturbed industry in Fiji during October and November.