Fiji's Development

Loan Was a Success

PLEASURE at the success of the £1,25.0,000 Fiji Development Loan was expressed by the Governor, Sir Ronald Garvey, when he addressed a session of the Legis lative Council in July.

The success of the loan meant that the Government had raised, at reasonable rates, the first instal ment of loan finance required for the current Development Plan.

The Governor said the invest-

ments had come from three main sources—private investors, companies operating in Fiji, and from various Fijian or Rotuman local funds.

The financial Secretary, Mr. H. W.

Davidson, in commenting on the success of the loan, said that the loan had been kept open a little longer than was originally intended because the Government wanted local investors to take up as high a proportion of the stock as pos sible.

It was in the interests of the Colony and its people that invest ment in Fiji stock should become a local habit.

the Roman Catholic Church in Rabaul, Guinea, recently, Mr. H. Copland, of thshire Scotland, was married to Miss V.

Rabaul.

Photo: C. H. Meen.