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p. 121 · Read in the full issue
Ng’S 1953 Copra
An All Time High
ACCORDING to Rabaul repre sentative Don Barrett, MLC (who passed South for the Royal functions in Canberra in mid-February), New Guinea, in the year ending December 31 last, ex ported 93,000 tons of copra—an all time high.
A quick calculation shows that this industry brought no less than £5,000,000 Aust. to New Guinea planting interests —of which the P-NG Government’s share was at least £500,000.
At this rate, the 1954 increase of 10 per cent, in the MOF price will add another £500,000 to the Territory’s income.