Quotations For Mining

Price Of Gold

The Commonwealth Bank’s price for gold bought in Australia is:— Fine Standard OZ. .. £ls/9/10 oz £l4/4/- (Australian Currency).

Copra

Fiji Local Buying Price, in Store, Fiji Currency.

(MOF price) .. 53 14 3 Since January 1, 1949, the British Ministry of Food has had a 9-years’ contract with the Fiji Government to buy the Colony’s copra at fixed prices yearly. Each year until 1958, the price will be adjusted by negotiation.

New Hebrides From a maximum of £7O/12/6 (Aust.), per ton, in 1948. the price of New Hebrides copra has firmed to £AS9 per ton.

Western Samoa Samoa has a 10 years’ contract agreement with the UK Government —exporters during 1949 received £45 Samoan per ton (an additional £3 per ton being held by the Copra Board towards a Stabilisation Fund).

French Oceania Papeete firms are paying planters 9.350 francs per 1.000 kilos for Tahiti copra, which goes either direct to Prance or to Canada for crushing.

Territory Of Papua-New Guinea

ANGPCB Fixed Price. Delivered to Ship’s Slings or to the Board’s warehouse.

UK Ministry of Pood, for nine years, at fixed prices. For 1949, the price to the UK was £4B stg. per ton, f.0.b., Territory ports (planters re ceived £4B Aust. per ton). Negotiations now are proceeding to fix the new 1950 price.

Rubber

Since the Australian Government’s wartime price control on rubber was lifted, most Sydney trading firms use the London and Singapore day-to-day quotations as a basis when buying Papuan rubber.

Average rate during March for No. 1 grade RMA (Rubber Manufacturers’ Association) was hed. Stg. per lb. (53% cents Singapore), equi valent to 20-3/32d. Aust. per lb.

Quotations For Mining

Shares

Fiji

Plantation

Fms

June, 1942 £16 0 0 £15 0 0 July. 1942 • 16 12 6 15 12 6 June, 1944 19 10 0 18 0 0 October, 1944 .. .. 20 0 0 18 10 0 December, 1945 19 7 6 17 17 6 January. 1946 .. .. 18 5 6 18 0 0 August. 1946 .. 23 10 6 23 5 0 February, 1947 . .. 29 15 6 29 10 0 June 9. 1947 .. .. 36 19 0 36 13 6 December 8, 1947 . 38 5 6 38 0 0 March 15, 1948 .. 46 5 6 46 0 0 January 1, 1949 . .

January 1, 1950 49 10 6 49 5 0

Hot-air Smoked Jan. 7. 1947 .. , £28 0 0 £27 0 0 June 17. 1947 . . £31 2 0 Nov. 23. 1947 . . £35 10 0 April 8. 1948 January 1, 1949:— £40- £45 Pt. Moresby . £48 0 0 £47 7 6 Samaral .. £48 0 0 £47 7 6 Madang . £48 0 0 £47 7 6 Rabaul .. £48 0 0 £47 7 6 Kokopo .. .. £46 17 6 £46 5 0 KaviPng . .. £45 17 6 £45 5 0 Official Price for P- NG Copra sold in Sydney: Hot-air Dried Smoked January, 1947 . ., £36 10 0 £35 10 0 July. 1947 ... £51 5 0 £50 5 0 April. 1948 . .. . . £61 0 0 £60 0 0 April, 1949 , ... £ 66 0 0 £65 7 6 May, 1949 , .. . £66 10 0 £65 17 6 From March, 1949, Australia agreed to sell a proportion of P-NG’s production annually to the

Aug.. 1939.

Feb. 1 Mar. 1 Emperor Mines .. b9/ll bl3/bl3/7 Loloma .. ...

S25/6 S23/6 b24/7 1 / a

New Guinea

Bulolo G.D 6124/- -110/b75/- Enterprise of N.G. b27/6 bl2/6 bl5/- Guinea Gold .. .. bl3/3 b8/b6/6 N.G.G., Ltd bl/10 b2/bl/9 Placer Development b68/6 bl37/6 bl25/- Sandy Creek .. .. bl/5 sl/sl/- Sunshine Gold . .. b6/5

Papua

bll/slO/6 Cuthbert’s Misima .

S16/6 b3/9 b3/6 Mandated Alluvials b3/8 bl/10 b2/- Oil Search S3/11 b4/liy 2 b4/10 Oriomo Oil b5/b2/3 b2/4 Papuan Apinaipl .. b4/ll so/b4/10