Ex-Jap Properties for
p. 141 · Read in the full issue
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Ex-Jap Properties for Sale in N. Cal.
A MONGST the sequestered goods and chattels of the Japanese formerly living in New Caledonia which are now the property of the French Government are some valu able mining leases.
The long negotiations of the peace treaty with Japan has resulted in these properties being unproductive for nearly 15 years. However, the mines are to be shortly offered for auction—except iron, copper and gold mines.
Most of the iron mines were owned by the Societe du Fer and are situ ated on the edge of the Plain des Lacs some 80 miles from Noumea.
These mines are being examined by the Government Mining Bureau.
Thus it is the nickel mines which will be most in the picture.
The mines have been grouped in 22 lots. They will be offered for public auction commencing about March 19, The mines are scattered over most of New Caledonia and the reserve prices are extremely variable. Three million francs (£A21,000) for a group of six nickel mines on the East coast is the highest, and a manganese mine way up North for £A3SO is the lowest. t The many friends of Mr. Gus Smart, well-known in many parts of the Papua-New Guinea Territory, will be sorry to hear he is in Re patriation General Hospital, Con cord, Sydney, for a general check up. He is in Ward 28 and would welcome any P-NG visitors at the stipulated times.