Bank Deposits In
p. 60 · Read in the full issue
Territories
Canberra, May 2.
rE Australian Government has £lOO,OOO deposited in banks in Papua and New Guinea. The £lOO,OOO is part of £215,000 of non-interest bear ing deposits in the Papuan and New Guinea banks.
According to the banking bulletin fixed deposits bearing interest total £92,000.
The bulletin reveals that the two ter ritories’ part of Australia’s total deposists of £707,429,000 is only £308,000. New Guinea and Papua’s ratio of advances to deposits is second lowest of the States and Territories of the Commonwealth.
Mr. R, .T. (Dick) Paul, well known on the Salamaua staff of Guinea Airways before the war, returns to Port Moresby by this month’s “Ormiston.” Mr. Paul, formerly a captain in the AIF, has been attached to ANA at Essendon since his discharge from the Army, and now goes to join the staff of Steamships Trading Co., Ltd., at Port Moresby where he spent 10 years of his life, prior to join ing Guinea Airways staff in New Guinea.