Western Samoan Copra
p. 114 · Read in the full issue
Stabilisation Fund
COMPARED with New Guineas the Stabilisation Fund estab lished by the NZ Governmental authority in Western Samoa, is small; but Western Samoan copras traders feel just as strongly about! it as do their confreres in New Guinea.
Mr. A. G. Smyth, of Apia, who has been holidaying in Sydney, says that!
Western Samoa produces betweem 16,000 and 17,000 tons of copra pen annum; it is taken by the NZS authority and sold to the British!
Ministry of Food and sold under as contract similar to that which! absorbs the Fiji, Solomons and New Guinea copra; and the Government' deducts £3 per ton from the pro-' ceeds, with which it has built up the West Samoa Conra Stabilisation Fund to about £70,000.
There is no more indication ol< what will happen to the Samos Fund than there is in the case ol( the Australian-New Guinea Funo (now between 1£ and 11 millions)( Apart from the production of NS Reparation Estates, most of thej copra grown in Samoa comes from native Samoans.