[?]’s Impressive

M Gold To

Ber

[?]’s Impressive ange-over in N. Guinea

)WLY and steadily—and pparently quite satisfactorily -the emphasis in the annual nts of Bulolo Gold Dredging s passing from gold to timber, the year ended May 31, 1956, fold and silver recovered by hree dredges from the Bulolo in New Guinea, were worth 588 Canadian Dollars, com with 2,122,179 Dollars in the ms year—and an enormously ;r annual value from the eight es operating before the war. dge No. 4 will have finished Db this year, and will be ed. Dredge No. 7 capsized and last May, and the Co. 600,000 Dollars US from mce. Salvage is possible, but urther operation of No. 7 is iiy. 3 leaves only Dredge No. 5 :ing—but it is likely to me for several years. y entered into a partnership ;he Australian Commonwealth nment three years ago, ling Commonwealth New a Timbers Ltd. to produce Dd from the huge stands of ' pine. This business is ig and developing; and BGD dividend of £37,500 from it ie year ended June 30, 1956. y Ltd. recently purchased a timber proposition in the 1 area near Lae; and from it is proposed to produce ■s, market lumber and logs, lake material available to the Timbers Ltd., when required, was noted at the annual il meeting of BGD Ltd., in

Vancouver in February, that Mr.

L. W. Bergstrand had retired as General Manager in November, 1956, and been replaced by Mr. A.

E. Gazzard; and tribute was paid to the many years of capable and loyal service rendered by Mr.

Bergstrand. Mr. Bergstrand now is a resident of Sydney. - Mr. B. B. Perriman, a director of W. R. Carpenter and Co. Ltd., left Sydney for New Guinea on a busi

ness trip on February 20. He was expected back in Sydney on March 20. t Pastor J. P. Holmes, of the Seventh Day Adventist Mission in New Guinea, and his wife and family, spent part of their furlough with Pastor Holmes’ parent in Devonport, Tasmania.