Bsi’S Little Nest-Egg
p. 90 · Read in the full issue
THE last published accounts of the British Solomon Islands (Asset? and Liabilities as on November 30i 1950—18 months ago) show that that Protectorate has a comfortable little nest-egg.
At that date it had £336,756 Aus saved up—£206,200 in Genera’
Revenue Balance, over £50,000 ir insurance and replacement funds foi “Vessels,” £16,000 odd in “CD & W, Schemes” and over £50,000 in various “Deposits.” £250,000 of it is in cash and the balance in an unexplained ac count called “Advances.”
It is a puzzling statement. II there are “replacement” and “in surance” funds for vessels, there must be vessels in existence. As a matter of fact, the BSI folk do operate and apparently own a number of little ships. But they are not shown in the list of assets.
CD & W Schemes, for which £16,500 was ear-marked, refers pre sumably to some development plan.
Although this is a British Territory, the published accounts are kept in Australian currency; the officials are paid in Fiji currency; and the White hall bosses reduce it all to Sterling.
It savours a little of affairs in the adjoining “Pandemonium.”