Re-opened
p. 103 · Read in the full issue
Hotel Les Tropiques Re-opened
ON July 4, about 500 people at tended the gala re-opening of Papeete’s popular Hotel Les Tropiques, now altered, extended and improved. The new joint owners, Captain F. I. F. Barnes, of Sydney, and Mr. Don Beachcomber, of Honolulu, arranged a special feast and floor-show for the occasion, with hula dancer Augustine the star performer. Eddie Lund provided the music. Special cock tails, invented by Don Beachcomber for the occasion, were an important feature.
A considerable fall in the net profit of Lolorua Rubber Estates Ltd., Papua, has been announced.
Net profit for the year ended April 30, 1953, was £9,920, showing a fall of £22,382 on the previous year.
Dividend has been reduced from 20 per cent, to 8 per cent.