Bgd’S War Compensation
p. 31 · Read in the full issue
Was £1,312,047
THE total amount paid by the Aus tralian War Damage Commission to Bulolo Gold Dredging Ltd., New Guinea, in full settlement for war dam age compensation, was £1,312,047.
In September, the seven dredges of BGD put through 845,600 cubic yards of gravel, for a recovery of 5,458 ounces of gold.
The greater part of BCD’s huge equip ment was destroyed in 1942-43—mostly by “scorched earth” and looting. The com pany, in 1946, proceeded with rehabilita tion with great energy, and led all New Guinea enterprises in returning to full production.
As this company has now bought most of its equipment, and purchases nearly all its current supplies from Australia, it would be adversely affected if the Aus tralian exchange follows New Zealand to par with sterling.