Still Dollar-Prosperity In
p. 26 · Read in the full issue
New Caledonia
Noumea, Dec. 13.
DEPOSITS in the New Caledonian Post Office Savings Bank, which pays a low rate of interest (1.25 per cent.), now amount to well over a hundred million francs.
Prior to the arrival of American troops in the country, they amounted to about twenty-five millions. The number of depositors, formerly between 16,000 and IJ,OOO, is to-day 20,203; this is virtual saturation point, considering the small population of New Caledonia.
American banknotes bearing the in scription “Hawaii”—the circulation of which has hitherto been prohibited in New Caledonia —have been made legal tender here in the same way as the usual American dollar bills.