Few Buyers

N. Caledonia Sells

Mines

Jap Concessions Find Few Buyers

FORMER Japanese mining con cessions were put up for sale in New Caledonia on June 15.

Only two of the 30 lots offering found buyers; the remaining 28 will be put up for sale again in a ccuple of months.

One of the buyers was the Nickel Company, which bought a lot, comprising eight nickel mines, for

the equivalent of about £70,000 Australian. The second lot, mostly manganese concessions, was pur chased by the Lafleur group.

Included in the Nickel Co.’s pur chase was a stockpile of 2,600 tons

of four per cent, nickel ore. Thi Japs had mined the nickel i: 1941 but before they could ship i some of their compatriots had per petrated the Pearl Harbour stab-in the-back.