Cuthbrt's Misima Mine,

Ltd.

IN their report for the year ending December 31, 1945, the directors of Cuthbert’s Misima Mine, Ltd., state that they have not yet been given per mission to resume mining operations in Papua, During the year maintenance was car ried on at the mine by a limited labour force at a cost of £5,148. This sum will be included in the company’s final war damage claim.

Other expenses were covered by in come from Bonds and taxation refunds.

A net profit of £ll2 was recorded and carried forward, increasing the profit and loss credit balance to £18,245.

Major problems facing the company at present are transport difficulties, re stricted supplies of essential materials, and delay by the Federal Government in issuing the new Native Labour Regula tions.