Big Plantation Deal
p. 26 · Read in the full issue
Rumoured In B[?]
fpHERE are rumours in A British Solomon Islands negotiations are proce: between Lever’s Pacific Plants Ltd., and Fairymead Sir Company, for the acquisition o latter’s Solomons property, t figure in the vicinity of £250, i Fairymead’s Yandina prcc produces something like 3,OCKX of copra per year. In additii has valuable assets in the wr wharves, ships, etc.
The story of Fairymead in Solomons is involved with; history of the Young famiJ Bundaberg, Queensland, and South Seas Evangelical Missi The family had sugar inti around Bundaberg at the time coloured Islands labour imported to work in the cane Some members of the Young fi conducted religious classes? these natives and when they' repatriated to the Solomons,, responsible for the formation « South Seas Evangelical M] which went too. From the M came the Yandina plantat: which retained the name “ Company” although the plantations produced coconut; never sugar.
About five years ago it] expected that the Fairj company would set up a mercial enterprise in BSB opposition to the Government Scheme. But the company d:J go ahead with the pro preferring instead to exoan sugar interests in Queensland Presumably, if it comes to< agreement with Levers ove?
BSIP properties, proceeds w devoted to the same purpose.. t Japan, which takes almoa entire output of Makatea phosphate rock, produced: million tons of finished i phosphate in the year endeo 31, and has an expanding ■ trade in superphosphate. t Captain Max Stanton, known as a delivery Mast Pacific Islands vessels, has been delivering a tug frc European yard to Algeria.