Mamara Plantations, Bsi
p. 70 · Read in the full issue
THE condition of Mamara Plantations Ltd., described by the directors in their 35th annual report, is typical of most of the coconut properties in the British Solomon Islands. The company owns, on Guadalcanal, a plantation that, with ’ equipment, cost at least £135,000.
The shareholders (£44,000 preferences and
£40,000 m ordinaries) got a dividend re gularly from a production of about 600 tons of copra annually.
Since the Jap invasion, there has been no production and the directors do not know what has happened to plantation buildings, plant, equipment and stock.
They are anxious to rehabilitate, to get advantage of the very good copra mar ket, and they can use about £lO,OOO of
uncalled capital to meet expenses; but they cannot do much unless the Admini stration helps them to obtain transport and labour. The administration (see articles elsewhere) seems to be helpless.
This is a Brisbane company, and the directors are W. E. Savage, P. W. Green field, N. V. Whitehouse, J. T. Dr. Oliveyra and Oscar Svensen.