Den Funds Still Coming

[?] Dollar Romance

To Light

E extraordinary effect of World War II upon the economy of the French Colony of New donia is shown in figures re ly made available by the Gov lent Exchange in Noumea, hen World War II commenced, France was occupied by the nans in 1940, the economic it of the two French Territories le Pacific was very bad. They ! entirely shut off from the lerland and most of their rets disappeared overnight. iey were helped generously by British Commonwealth; but in ; days the British themselves ed a good deal of help, en came Pearl Harbour, and it id as if the New Caledonia d be entirely overwhelmed. But Japanese advance southwards slowed up by American resist in Philippines, and British and h resistance farther west, ere was just time for General i’s division to get across from •ica and become established in Caledonia. thin a few days, everything in Caledonia changed. Thence ,rd, instead of being desperately the New Caledonians got r and richer—on United States rs. When the war ended, New lonia was “rolling in it;” and nillions of dollars hidden away 1 sorts of places. ;r since, those hoarded dollars been trickling out into circula- There have been deficits be i NC’s earning and NC’s im , but NC did not suffer. The always have been filled by ng into NC’s hidden hoard of •S. The NC Government Ex ie reports that, in recent years, following sums in US dollars come to light in New lonia:

ich suggests that there are a lot of dollars tucked away e French Colonial stocking. fie’uli’uli Tupounuia has com -1 his B.Com. degree in New Qd and is now on the staff of d Revenue Department Nuku , Tonga. Sione Tapa has re d to Tonga after completing a graduate course in tuberculosis e Suva Medical School. He o to Vava’u in charge of the ;al there.

1 $ .. .. 108 000 J 1 j 119,000