Uk Copra Offer Accepted

THE Fiji Copra Board has accepted an offer by the British Ministry of Food to pay £4B/10/- sterling a ton f.o.b. for copra exported from Fiji during 1950.

This is 10/- a ton more than the 1949 price. (The Ministry has contracted to buy the whole of the exportable surplus of copra from Fiji from 1949 to 1957 at prices to be negotiated each year. The price in any year is not to be more than 10 per cent, higher or lower than that in the preceding year.) The local buying price of copra at Suva and Levuka is now £4B/10/- (Fiji Cur rency) a ton for FMS Grade, (FMS — Fair Merchantable Sundried).