Cuthbert's Money-Spinner
p. 15 · Read in the full issue
CUTHBERT’S Misima Gold Mine Ltd., which has a subscribed capital of £160,000, made a net profit in the year ended December 31 last of £38,730, and has again paid a dividend equal to over 20 per cent. The following figures show the history of this remarkable money-spinner during recent years:—
Rev. Father M. McEncroe, of the Sacred Heart Mission, Port Moresby, Papua, left the Territory recently on a visit to New Zealand and Australia.
During his absence he is being relieved by Rev. Father O. McDermitt, and Rev. Father Lang.
1938. 1939. 1940.
Ore mined, tons ... 33,521 36,828 37,859 Gold recovered, oz. 32,241 35,240 39,198 Silver recovered, oz. 20,707 25,158 29,274 Taxation paid in 1940 was £8,661, of which Australia got £7,653, and Papua £1,008.