Economic Troubles
p. 52 · Read in the full issue
On Niue
From Our Own Correspondent NIUE ISLAND is undergoing difficult financial period present.
No copra is being bought by tl traders on the island owing to tl fact that New Zealand cannot tal any more copra this year, and thi with the decline of the basket trad is a severe blow to the island economy.
The natives now have no cash cro apart from a few hundred cases < bananas and bags of kumera export* to New Zealand and as these con from only part of the island, mar of the people are without means < obtaining money.
The traders have a large quantil of copra on hand and cannot fir storage space for more. It is hope that the Administration will be ab to arrange for a ship to call an transport the copra to Fiji or els< where to await shipment to Englan so that buying may be resumed.
Following his visit to the Norther Group Islands in July, Mr. ( Nevill, Resident Commissioner ( Cook Is., accompanied by Mr Nevill, travelled from Rarotonga t Mangaia by the August Mat Pomare on an official visit.