Native Enterprise
p. 20 · Read in the full issue
Fund for Financing
P-Ng
A FUND from which native groups in Papua and New Guinea may borrow up to £5,000 came into operation at the end of October.
The fund has as a nucleus £57,700, representing profits from trade stores carried on by the Production Control Board under ANGAU during the war.
Loans may be made from the fund to further native economical welfare projects or for any other purpose of a similar nature approved by the P-NG Admini strator. , , .
Loans will not be made to individual natives, only to co operatives, societies or native local Government Councils.