"Vast, New Scheme

sequel to Arabica?

T O Be Promoted"

• Another company interested in westing in the future of New ruinea’s highlands coffee is expected ) begin operations in the new year.

CHE name of the company— Goroka Coffee Pty. Ltd.— probably won’t mean as much ) New Guinea planters as the news lat the company’s Sydney address, nd the names of two of its directors, re the same as those for Arabica offee Pty. Ltd.

Arabica Coffee created interest in ew Guinea last year when it aught from Mr. Colin Toole 123 eres of land near Banz, 34 acres : it planted to coffee, and embarked a an extensive selling campaign in ustralian newspapers, offering 369 aarter-acre units to investors at 100 each, with promise of most at active returns.

Some aspects of a brochure issued y the company during the year ere the subject of comments in le Papua-New Guinea Legislative ouncil, and also by the Finance ditor in the Sydney Sun.

The Sun’s comment suggested that ould-be investors should first scure extra information not sup ied in the brochure, including an idependent valuation of the pro srty, along with an independent cpert assessment of its coffee :ow T ing potential, and a forecast on le likely future trend in coffee rices.

Public Relations Officer of Arabica offee is a man named Frank Dwell.

Offers Goroka Coffee Pty. Ltd. are Aus alian agents for Goroka Coffee foldings) Ltd., Incorporated in ew Guinea.

General manager of Goroka Coffee ty. Ltd., according to a letter re ived by a potential investor in ecember, is Mr. Frank Powell. The tter, signed in the name of Mr.

Dwell, said Mr. Powell expected to ) to New Guinea in late December, id continued: “I have been successful in having ider offer to Goroka Coffee Pty. d. several of the best plantations in ie Highlands of New Guinea. Kin- Di plantation, the largest in the jrritoiy, is one under offer and iis plantation has 100 acres under ffee and will reach 4 year maturity jxt year. It will yield between 0,000 and £50,000 next year, and 11 maturity in the following year, has its own ‘airstrip’ capable of king a DC3, and its own wireless

station factory and everything that is necessary for a first-class plantation.

“Norikori plantation has 38 acres under coffee and a further 100 acres leady to plant and with a total of 350 acres of good coffee land and ali the necessary amenities, includ ing European house.

“Clarens plantation has a total or 660 acres of land of which not less than 200 acres are suitable for grow ing Arabica Coffee. Thirty acres are under coffee and will reach 4-year maturity next year. Ample accom modation for native labour—food house, tradestore, workshop, toolshed and garage have been completed and a spacious European residence is on the property.

Directors

“These properties between them could yield 136 tons of coffee next year worth a minimum of £6OO a ton to the growers, equal to £81,600.

“Using these properties as a pivot or fulcrum, we could guarantee to pay 16 per cent, on £500,000 whilst the balance of the properties were developed to eventually increase the returns to the 25 per cent, per annum and finally near the 50 per cent. mark.

“The Directors so far are: A. T.

Martin, Solicitor; J. L. Cameron, Retired Bank Manager; P. Portroni, coffee expert and investor; and two New Guinea planters and agronom ists will be added to the Board when I get to New Guinea.

“Lionel Dare, Reed and Martin, are the Solicitors; Starkey and Starkey, Auditors; D. M. Clarke, Secretary; A. E. Friend, coffee and tea expert of Messrs. Gollin and Co.

Ltd., Sydney, has agreed to act as Consultant to the Company. The writer will be the Field Superin tendent and Public Relations Officer.

“In order to publicise and pro mote this vast and exceptionally profitable undertaking we are allow ing a few of our friends and busi

ness associates to join with us in a promotion syndicate on a two for one basis. When we commence sell ing next year the syndicate holders will have the right to ask us to sell on their behalf either their full in terest or part thereof—whatever they may desire.

“A prompt reply on your behalf stating your requirements is neces sary if you desire to participate.

“Yours faithfully, Frank Powell, General Manager”. - Medical cadetships,, requiring five years’ service with the P-NG Health Department, are again available this year.