The news magazine of the South Pacific · since 1930

Pacific Islands Monthly, 1 October 1962Vol. XXXIII, No. 3

NG Guilders Pose

p. 21 · Read in the full issue

A Bank Problem

Hollandia.

'he one and only bank in 'ch New Guinea—the NHM derlandse - Handel - Maats ppij) will close its doors, vpif) announced on Septem -20 that it would close, porarily at least, on Sept, but after the UNTEA at announced that it would rantee the convertability of WNG guilder, it was decided :arry on “at least until May . weeks before it had been what light be called only partially Crowds gathered outside before ig time at eight each morning ere allowed in only in dribbles, of the bank’s customers wanted me thing—to change their New a guilders which have the same ising power as metropolitan guilders but are used only in le Territory, into hard currency, ably Sterling. bank was becoming stuffed NNG guilders and its foreign ige was all but exhausted. To matters worse, no one would e bank officials what they were with the NG guilders after sr I—in other words, whether yere to be stuck with them, or sr the Dutch Government or N would redeem them at full 5 was just one of the aspects of i this place as administration has been known for 17 years y runs down. only people who appear un d by the extraordinary atmos of this place that’s dying on et, are the UN officials and rs-on who are more concerned I such things as the lack of itic servants. These are showing rked reluctance to work, and y are beating it back home, additional problem for the new s is that the houses they are ; over from the Dutch mostly not a stick of furniture or kings in them. This seems to them some sort of hurt sur [ They don’t see the dregs of less it holds for the Dutch but y an inconvenience for them !• They act as though they [ expected the Dutch should handed over their cutlery and inen as well as everything else.

Belles Of The

Nursery Ball

At an RSL concert in Rabaul, NG, to raise funds for the recently opened Methodist hostel, Jan Mac- Donald, four, and Cathleen Clezy, three, were among the scene stealers in a nursery-land tableau.