Kerema Rubber
p. 63 · Read in the full issue
A Good Year For Kerema Rubber
THE annual general meeting of Kerema Rubber Ltd. will be held m Port Moresby on March 15. wily submit a report that shows substantial progress dur ing 1955.
Nett profit for the year ending SvwS!n r f £38 ’ 158 and tota l dividend for the year will be 15 per The report shows that the planta tion produced 386.198 lb of rubber dui ing 1955 a record. Average price received was 3/2 per lb and cost of production c.i.f. Australian ports, 1/6 pe ? *o"r7^ ur i ng y ear - Kerema had only 87 inches of rain instead of the average 134 inches.
During 1955, 98 acres were planted up with high-yielding rubber seed lings raising from imported Malayan seed. Total planted area is now 1,598 acres—about 350 of them post war plantings. Another 35 acres of virgin land will be ready for planting by November.
TI Mr R. j. Keegan, formerly a well-known pfficial of the British Colonial Service in the South Pacific, and now retired, arrived in Aus traha from Europe in November, and has been living in Sydney. Mrs Keegan is a daughter of Mrs Lockhart Bell, recently deceased Mr and Mrs. Keegan probably will make their permanent home in Eng land.