Trading Notes
p. 125 · Read in the full issue
Ecimal Currency In P-Ng.:
station will be submitted to the new se of Assembly in Papua and New nea for the adoption of Australian lical currency at the same time as is introduced in Australia. The ister for Territories, Mr. C. E. Barnes, announced that the Australian Gov nent has agreed to compensate owners monetary machines in Papua and New nea on the same terms as those lying in Australia.
Ock Company’S Profit Down:
Hongkong and Whampoa Dock ipany Ltd., shipbuilders and ship airers, made a profit of only 173,258 (Hong Kong dollars) for the r ended December 31, 1963, compared ti $7,077,643 the previous year. This i due to a dearth of work for most the year. Repairs on a total of 1,058 sels with an aggregate gross tonnage 5,542,528 tons were carried out during year. These comprised merchant as of 26 nations and warships of five.
[Ail Factory For Lae; Titan
nufacturing Co. Pty. Ltd., a subsidiary Broken Hill Pty. Ltd., is reported to planning to produce nails and barbed e at a factory to be built at Lae, IG. Initial output will be about 1,000 s.