For Ng's
p. 96 · Read in the full issue
Rich Backing
Plywood Industry
THE plywood mill being estab lished in the Bulolo Valley, New Guinea, by Commonwealth-New Guinea Timbers Ltd. (a combina tion of the Australian Government and Bulolo Gold Dredging Ltd.) will have all machinery installed by the end of next January, and should get into full production soon after wards.
New Guinea may be interested to know that Placer Development Ltd., an international investment concern which owns most of Bulolo Gold Dredging, last year made such enormous profits out of its holdings in goldmines, oil-wells, lead, zinc and tungsten mines, etc., that it has declared a dividend for the year of
175 per cent. The Bulolo plywood mill, if it shows any promise at all, will lack neither capital nor know how.
U A number of newly appointed officers will arrive in the BSI Pro tectorate within the next few months. They include Mr. J. D. M.
Hearth and Mr. N. F. C. Jelf, cadet
Administrative Officers; Mr. S. L.i Chamberlain, Senior Education: Officer, and Mr. S. H. Arter, Educa tion Officer: Mr. W. J. Wooldridge,,: Senior Customs Officer, on second ment from the Home Civil Service;; and Mr. P. A. Pudsey-Dawson andt Mr. R. M. Thompson, Geologists.; All were recruited in the United!: Kingdom.