Copra Prices—A

Correction

Letter to the Editor THE Executive of the Pacific Territories Association draws attention to an inaccuracy in the report of the general meeting held on March 10. 1943, as appearing on page 10 of your March issue.

Under the sub-heading, “Allowance for Copra,” your report says: “The Associa tion has clear evidence that the Copra Pool had received for copra, in February, 1942, no less than £24/10/- per ton.”

The actual statement by the president, Mr. James, was that although the War Damage Commission had placed a value of £9 10 - per ton on copra held by the Copra Pool, the Association had clear evidence that sales had taken place in Sydney on February 24. 1942, on the basis of £24/12/6 per ton and that the Asso ciation had, therefore, asked the Com mission to reconsider their valuation for insurance purposes. At no time was it stated that the Copra Pool had sold copra at £2410/- per ton.

I am, etc.,

A. M. Adelskold.

Sydney,

29/3/1943.

EDITORIAL NOTE.—We express regret for the error, which made an unfair re flection upon the Copra Pool managers. A full statement about the affairs and finances of the New Guinea Copra Pool is published in another part of this issue.