The news magazine of the South Pacific · since 1930

Pacific Islands Monthly, 1 September 1951Vol. XXII, No. 2

Mariboi Rubber Makes

p. 72 · Read in the full issue

£40,000

THE recent good prices for rubber are reflected in the annual ac counts of Mariboi Rubber Limited, a Papuan company con nected with Steamships Trading Co.

Ltd. In the year ended June 30, the company made a net profit of £40.607. It proposes to pay 12i per

cent on its issued capital of £201,186. put £lO,OOO in general reserve and carry forward over £7,000. Mariboi Rubber Ltd. was formed eight years ago to take over plantations which Captain A. S. Pitch was instru mental in establishing. Prospects were blue for a while, but the ven ture certainly has come good now.

Mr. E. V. Crisp, head of Steamships Trading, is chairman and manag ing director.