Over £1,000,000

NG Copra Stabilisation Fund

THE Papua-New Guinea Copra Stab ilisation Fund —created by the de duction of from £4 to £6 per ton from payments due to copra producers— is now well over £1,000,000. The following details have been issued by the secretary of the Department of External Terri tories (Mr. J. R. Halligari):— Amount in fund on 1/7/50 .. £830,962 Levy from -1/7/50 to 31/12/50 . . 161 502 Interest on funds held 32,220 Total on 31/12/50 £1,002,220 Most of the amount is held in Com monwealth inscribed stock.