G. And E. Colony Finance
p. 13 · Read in the full issue
THE Gilbert and Ellice Islands Colony now partly under enemy occupation, holds considerable funds, according to the statement of assets and liabilities as at October 31, 1941, published recently in the Western Pacific High Commission Gazette. Deposits invested and other cash balances and reserve funds made a total of £228,930, of which £145,411 re presented investments of money held on behalf of the Banaban land-owning com munity on Ocean Island who, normally, derive rich revenue from the lease of the phosphate lands.