Healthy Profits of Reparation
p. 86 · Read in the full issue
Estates Benefit Samoans
Prom Our Own Correspondent
Apia, Nov. 4
PROFITS from the New Zealand Re paration Estates in Western Samoa for the year ended March 31, amounted to £86,093, an increase of £8,663 over the previous year.
The New Zealand Department of
Island Territories’ annual report explains that the disposal of profits from the Estates rests entirely with the New Zealand Government but the policy has been to use them in the interests of Western Samoa. To date £359,915 has been spent from accrued profits in this way, mainly on broadcasting, housing, education and health.
It has been proposed, in the Legislative Assembly, to divert the profits to a special fund at the disposal of the Samoan Government in accordance with promises made by the former New Zealand Prime Minister, Mr. Peter Frazer.