Suspended For The Duration
p. 11 · Read in the full issue
Duration
THE following formal notifications tell their own story:— Australasian Petroleum Company Pty.
Ltd. (which has been carrying on ex tensive oil prospecting in Papua, and whose drill at Kariava was down oyer 5 000 feet) reports: “We have suspended all operations in Papua and New Guinea”.
Sandy Creek Gold Sluicing Ltd., New Guinea, reports: “The Company’s New Guinea manager, Mr. W. Johnson, has arrived in Sydney and has confirmed advice previously received unofficially. By order of the Administration, gold recovery operations ceased towards the end of January and the staff left the properties.
Gold on hand could not be brought away’.
Bulolo Gold Dredging Ltd., and New Guinea Goldfields Ltd., formally closed down on January 26. Actually, operations ceased on January 21, when Lae and Salamaua were “shot up” by Japanese aeroplanes.
