Boom Period in
p. 155 · Read in the full issue
Ocoa-Copra Economy
Boom Period in Western Samoa
I7ESTERN SAMOA’S finances j were extremely sound at the end of 1954, according to the itement submitted by the Acting tiancial Secretary (Mr. A. J. il) at the Budget session of the gislative Assembly.
Drdinary revenue in 1954 totalled 128,870, an increase of £199,750 »r the 1953 figure. Import duties, iluding Port and Customs Service x. were up by £lll,OOO.
Expenditure was £1,212,000, an in :ase of £136,000. At the end of ; year there was still £97,470 in i Capital Development Fund and ! General Reserve of £500,000, in ited in NZ Government securities s intact.
Capital development expenditure lildings, plant, machinery, ucles, roads and bridges, water >plies, hydro-electric works, etc.) ailed £253,970 (£20,000 more than 1953).
Recurrent expenditure increased £116,000 to £842,100. )f the total capital development enditure, £170,400 came from inary revenue surplus, £54,500 n NZ Reparations Estates profit nts and £29,070 from the Capital relopment Fund.
EALINfi with the Territory’s trade in 1954, the statement re ferred to the continuing high :es for cocoa and copra and to steady increase in banana ex ts to New Zealand, i 1954, cocoa exports of 2,400 s sold for £938,000, compared i 3,743 tons for £931,000 in 1953. opra exported totalled 13,664 5 (£954,000) compared with 85 tons (£733,000) in 1953. he total value of exports in tsed by £273,000 to £2,212,000. nports increased by £398,000 to 10,500. he favourable trade balance was ',OOO, compared with £626,000 in r. A. Schaafhausen, one of the st and best-known residents of a, celebrated his 80th birthday April 23. Mr. Schaafhausen has i in Western Samoa for over 55 ’S and has been in the service •oth the German and New Zea l Governments. He was in "ge of the Public Works Depart ■t for many years. He retired a years ago. iss V. Bignold, Fort Moresby, been in Sydney on a three iths’ visit. Her niece, Miss Jill lold, returned to Port Moresby April 16.