Big Property Deals In Highlands
p. 37 · Read in the full issue
Show Confidence In ng Future
Goroka, May 2.
One hears much of “investors’ uncertainty about the future of New rumea, in view of political developments”. Here is another side of le picture.
Within very recent times, a number of fine Highland properties— iiong them, Jim Taylor’s plantation, which is one of the best in this ea, and the storekeeping business and attendant amenities established tew years ago at Kamantu by Mrs. Pat Tudor—have been purchased.
The buyers? Messrs. Bob Dowling and Jim Leahy, of Goroka, and . V. Crisp, lately managing director of Steamships Trading Co. Ltd., ther as a group or individually. And the prices paid are not chicken ed—rumour has it that £50,000 changed hands in one deal.
The men mentioned are among the oldest, shrewdest and most lowledgeable residents of the Territory. They, at least, are confident at New Guinea is not going to be torn apart by politicians or crippled f the starry-eyed idealism sometimes displayed by high officials in 3rt Moresby.—RWß.