BSI Plantation Co. Awaits
p. 73 · Read in the full issue
Information
Mamara Plantations, Ltd., Which
holds over 4,000 acres in Guadal canal Island, in the Solomons, in cluding 1,393 acres planted with 69,670 coconuts, has been inactive since the Jap invasion in 1942, and now has an accumu dated loss in its balance sheet (for period ended June 30 last) of £3,862.
The directors of the company (registered in Queensland) are Messrs. W. E. Savage, P. W. Greenfield, N. V. Whitehouse, J.
T. D’Oliveyra, and Oscar Svensen. The issued capital is £84,647. The plantation’s normal yield is 570 tons of copra per annum, giving over £5,000 per annum re venue, and a comfortable dividend.
The directors, in their last annual report, complain bitterly because, despite repeated applications to the administrative authorities for information, they have been given no indication of when they may expect to be allowed to resume possession of their properties.