P-NG Natives?
p. 139 · Read in the full issue
Loan Cash From P-NG Natives?
rhp P-NG Legislative Council in Port Moresby in February passed a bill giving the xtration power to raise loans within the Territory.
The Treasurer, Mr. H. n. [Reeve who introduced the biu, >said the Administration hoped vtnany natives would invest in \the loans. . . u Much of the increasing cash \income of the Territory is being obtained by native Producers who are still deperwiwt on their own produce for their everyday needs” Mr. said.
“Their application of the casn they earn is still quite limited.
“It would be most desirable from the points of view both of the Administration and the native population if this money could be coaxed out of places and put to work in the Territory for the provision of development works, Mr.
Reeve said.