Japs in Fishing Industry
p. 165 · Read in the full issue
For New Hebrides
A TUNA fishing company which says it will go into operation in N. Hebrides next year will make use of Japanese fishing skill.
The company is registered as D. J.
Gubbay & Co., Vila. It is a British organisation, and has the financial backing of a number of planters and business men. A refrigeration plant with a capacity of 2,000 tons o' fish is promised at Santa soon. Seven 100-ton tuna clippers are reported on order in Japanese ship yards. They
will be owned by the company, regis L ered in Vila, and manned by a few skilled Japs and mainly Euro pean and native crews. The com pany expects to begin active fishing in January next. The market for the f ro zen tuna presumably is USA. . , . .
T Better rubber prices are being re fleeted in bigger dividends for Papuan rubber company share holders. Koitaki is maintaining its interim dividend at 71 (equal to 15 per cent p.a.), and Kerema, with its profit for 1954 up from £8,638 to £13,384, has raised its dividend from 5 to 10 per cent, p.a., transferred another £4,000 to reserves, and carried forward £3,000.