£250,000 Distribution To
p. 169 · Read in the full issue
P-Ng Copra Producers
The Papua-New Guinea Copra Marketing Board announced on May 13 that it would distribute to planters undrawn profits from the Board’s operations in the years 1954. 1955 and 1957. (The undrawn profits for 1956 were distributed to planters in 1957).
Planters will get something like £250,000 altogether—l3/5 per ton for the 84,957 tons they delivered to the Board in 1954; for the 80,979 tons delivered in 1955, 5/1 per ton; and £2/4/8 per ton for the 68,651 tons on which no distribu tion had been made in 1957.
The “tentative price” for 1958 copra, declared by the Board in January this year, has not been raised —but there was a hint that it might be revised (in the light of recent copra rises in UK) after June.