Eued
p. 35 · Read in the full issue
Fee Investments
New Guinea
■esponse to a formal inquiry, resident of Sydney received a ter, of which the following is act copy:
Ka Coffee (Holdings) Limited
Commonwealth Bank Building Goroka T.N.G.
Phone Goroka 68. lian Agents; , Coffee Pty. Ltd. 54 G.P.O. Sydney, April 9th, 1958. laway, Esq., idford Street,
Vn. N.S.W.
to your enquiry regard ffee-growing in New Guinea, we ike to point out that we have made ul personal survey of the Highland growing areas of New Guinea by old-time planters and experts, survey has proved to us that New Coffee offers the greatest potential vestment in the Southern Hemi today. ave backed it with our own cash, pe registered Goroka Coffee (Hold imited in New Guinea to purchase f the largest Coffee Plantations in uinea, one of which, known as ” is producing and marketing an of 2 tons of coffee per week, at i of 5/6d per lb. ave also arranged to purchase a controlling an European Store — id Spirit License, and eight Native tores in strategic positions. This has a wonderful potential, is no Company Tax in New and apart from interest our pre fers a quick Capital gain. » have not yet registered as a Company in N.S.W., we cannot moment issue a Prospectus—but ; it ready and by appointment e glad to show it to you, and explain our ground floor proposal, iter has recently returned from inea.
Yours faithfully,
I Coffee (Holdings) Limited.
Sgn. Frank Powell.
Public Relations Officer.
Phone: statements made by Mr. will be of interest to resi f New Guinea, ns in Australia, who are to take part in this invest -111 naturally follow the usual
3 practice—namely, they will
vice from someone with
.1 knowledge concerning the
d investment in New : and they will consult a
le sharebroker concerning
ucture of the company or
ies controlling the proposed
ent. writer of the letter on behalf
)roka Coffee (Holdings)
is “Frank Powell”, s a gentleman of the same
rho engaged in a telephone
ition with the publisher of ific Islands Monthly (Mr. R.
json) on April 17, 1957.
Within sixty minutes of the ter mination of that conversation, a process-server handed Mr. Robson a Supreme Court writ claiming £lOO,OOO “damages”. It had been is sued following that conversation, by a firm of solicitors acting on behalf of Arabica Coffee Limited, incorpor ated in New Guinea, and Arabica Coffee Pty. Limited, incorporated in New South Wales.
The action, thus initiated, was not proceeded with.
Except for the similarity of names, there is nothing to indicate any connection between the Goroka Coffee companies, named in the above letter, and the Arabica Cpffee companies, which were being widely advertised in Australia in 1957.
