Territories Banking
p. 54 · Read in the full issue
Business
BECAUSE of enemy action against Australian Territories, banking busi ness formerly carried on in a number of centres in New Guinea and Papua was transferred to the mainland late in February.
The transfer was legalised on February 20 by a series of orders under National Security Regulations published in the Commonwealth Gazette. The orders authorise the Commonwealth Bank, in Sydney, to carry on the banking business formerly transacted at Rabaul and Lae.
Similar authority is given to the Bank of New South Wales in Brisbane, with respect to its branches at Rabaul, Lae, Samarai, Port Moresby, Wau, and Salamaua.
Mr. F. McCoy, of Pitcairn Island, is serving at present with the New Zealand Merchant Navy.