The news magazine of the South Pacific · since 1930

Pacific Islands Monthly, 19 July 1944Vol. XIV, No. 12

Price Of Gold

p. 45 · Read in the full issue

In April, 1942, unofficial quotations in Sydney were around £24 (Aust.) per ton, c.i.f., Sydney.

July, 1943. —N. Guinea and Papuan copra under Aust. Government control. Fixed prices, payable at port of shipment, or on plantation, where no coastal shipment is involved: Hot-air Dried, £15/10/-; Sun-dried, £15; Smoke-dried, £14/10/per ton. These prices subject to circumstantial considerations.

In September, 1943. prices were revised as follows: Hot-air and Sun-dried, £18/10/-; Smoke-dried, £17 per ton. Tentative there after.

Government selling prices to processors: New Guinea and Papuan Hot-air and Sun-dried, £28 per ton; Smoke-dried, £27 per ton, ex ship’s slings.

Fine Standard 02. . . . . .. £ 10/9/- oz .. £9/11/7

Copra

South Sea, Plantation, Sun-dried Hot-air Dried, London to London Rabaul Price on— Per ton, c.i.f.

Per ton, c.l.f.

January 1, 1932 . £14 0 0 £14 15 0 June 17 . £13 2 6 £13 5 0 December 16 .. £14 2 6 £14 5 0 January 6, 1933 £13 0 0 £13 12 6 June 30 . £10 17 6 £11 0 0 December 1 .. £8 12 6 £9 0 0 January 5, 1934 £8 0 0 £8 7 6 June 15 . £8 0 0 £8 12 6 December 28 .. £9 0 0 £9 12 6 January 4, 1935 £9 5 0 £10 5 0 June 7 £11 15 0 £12 7 6 December 6 . . £12 17 6 £14 0 0 South Sea South Sea Plantation Smoked to Genoa Sun-dried Hot-air Dried London and Marseilles, to London.

Rabaul.

Price on— Per ton, c.l.f. Per ton, c.l.f. Per ton, c.l.f.

Jan. 3. ’36 £13 2 6 £13 15 0 £14 0 0 Mar. 6 . . £11 15 0 £12 15 0 £13 0 0 June 5 . £11 10 0 £12 0 0 £12 17 0 Sept. 4 . £13 2 6 £13 10 0 £14 12 6 Dec. 4 . £19 7 6 £19 7 6 £ 20 7 6 Jan. 8, ’37 £22 12 6 £22 12 6 £22 12 6 Mar. 5 . £19 0 0 £19 5 0 £20 0 0 June 4 . £15 15 0 £15 12 6 £16 12 6 Sept. 3 . £13 5 0 £13 5 0 £14 0 0 Dec. 3 . £12 10 0 £12 12 6 £13 7 6 Jan. 7, ’38 £12 12 6 £12 15 0 £13 12 6 Mar, 4 . £10 17 6 £11 0 0 £12 0 0 June 3 £9 15 0 £9 15 0 £10 12 6 Sept. 2 . £9 10 0 £9 10 0 £10 10 0 Dec. 2 £9 5 0 £9 5 0 £10 2 6 Jan. 6, ’39 £9 12 6 £9 15 0 £10 10 0 Feb. 3 . £9 10 0 £9 12 6 £10 10 0 Mar. 3 . £10 0 0 £10 2 6 £110 0 Apr. 6 £9 12 6 £9 15 0 £10 12 6 Maj 5 . £10 0 0 £10 5 0 £110 0 June 2 £10 7 6 £10 10 0 £117 6 July 7 . £9 2 6 £9 7 6 £ 10 5 0 Aug. 4 £3 2 6 £9 5 0 £10 5 0 Sept. 1 . £9 10 0 £9 12 6 £10 12 6 Sept. 8. —Not quoted—outbreak of war.

Sept. 15 to 29.- -Not quoted.

Oct. 6 . £11 15 0 [unquoted] £ 12 IS 0 Oct. 12.- -Fixed price based on £12/7/6 per ton, c.l.f., London, for plantation hotair dried.

Jan. 8, 1940, to April 20. 1940 - -Fixed price for plantation hot-air dried, £13/5/per ton, c.l.f..

London.

April 20, 1940.- -Fixed price for plantation hotair dried. £12/17/6 per ton, c.l.f., London.

On February 18, 1942, FIJI and Tonga copra, 1st grade. was fixed at £18 per ton (Fijian), f.o.b.; and In July; Plantation Grade, £18/5/-; Pair Merchantable Sun-dried, £18; : and Undergrade, £17/15/-.

The values are stated in Fijian currency.

To get Australian or New Zealand values, add 12*/ 2 per cent.; sterling values, deduct 12y 2 per cent.