BGD’s Bigger Output
p. 40 · Read in the full issue
THE New Guinea gold co., Bulolo Gold Dredging, Ltd., will show a big profit for the year ending May 31. In the nine months ended February 28 its figures, as compared with the same nine months of 1952, were as follows:
The Lae Branch of the Bank of NSW celebrated six years of con tinuous service on May 12. Origin ally opened in November, 1941, it
had to close two months later whe the Japs arrived and staff membei had to leave hurriedly for tt Highlands. They were able to sat all records for future use. Tl present branch, which is still carrie on in temporary quarters pendir erection of the permanent bank i the new town area, was opened i Lae on May 12, 1947, with a sta of two.
1953 1952 Yardage Dredged . 13,207,500 8,015,520
Oz. Fine Gold ... 90,391 56,299 Value at $35 U.S. per oz $3,163,685 $1,970,465 Value per yard in U.S. Cents .. 23.96 24.58