Usa Dollars Help New
p. 11 · Read in the full issue
Caledonia
Noumea, Oct. 10.
IN a public speech here the new Gov ernor of New Caledonia, M. Mont champ, said that for some months the Colony had been enriched by an influx of American dollars, and now it suffered no longer from a lack of mone tary reserves. A more liberal policy in granting import licences was thus made possible. He added that as it was likely, on cessation of hostilities, Australian and American production would be absorbed by ravaged Europe, it was im portant to equip the Colony immediately for greater production.
New Zealand recently bought 150 tons of New Caledonian coffee at a higher price than is paid by Australia, and is seeking another 150 tons. The Australian price is improving.