Trading Notes

MILL LOSS: Pacific Island Timbe (Holdings) Ltd., Port Moresby timber miller, incurred a £38,013 loss in th year to June 30, but directors expec profits in the current year.

STOCK DIVIDEND: Stock Dividend N( 1 of three redeemable preference shares par value $1 Canadian, for each 1 common shares held was declared i October to shareholders registered on th books of Placer Development Ltd. at th close of business on November 13. Thi was equivalent to 30 cents Canadian pe common share.

HIGHER PROFIT: Steamships Tradin Co. Ltd. had a consolidated net prof of £401,247, an increase of £58,072, fc the year ended June 30. The dividen remains at 13-1/3 per cent., includin a final 6-2/3 per cent.

PROFIT DOWN: The net profit ( Bulolo Gold Dredging Ltd. for the thr« months to August 31, including dividen and interest income, was estimated £ $22,800 after providing $9,100 for incom tax and $65,000 for depreciation. Th: compared with a net profit of $42,900 fc the same period of the previous year, production report says the lower prof was due to the difficult forecaste dredging conditions with consequent re ductions in yardage and values.

PATO DIVIDEND: Pato Consolidate Gold Dredging Limited declared a interim dividend of 10 cents Canadia per share to shareholders recorded o December 4, payable on December 18.

MORE TOBACCO: Carreras of Fi Limited are to develop a second tobaccc growing area in Fiji at Vatukarasa Balenabelo, which is off the Queen’s Roa about four miles on the Suva side < Korotoga. The company already has tobacco-growing scheme in the Nadi Valle area.

SHARES FOR FIJIANS: Fijian lane owners are shareholders in a new timbe company which has been set up in Fij The Fijians own the land over whic timber concessions have been granted 1 Fiji Forest Industries Ltd., a subsldiai of the Australian firm, Westralian Pl] woods Pty. Ltd.

They will own 400,000 shares in tl company which has a nominal shai capital of £500,000 divided into 2,000,0(1 shares of 5/- each. When the compan is in full production it will provic employment for 300 men.

SPUDDED: Oil Search Ltd. reports th£ the Wuroi No. 1 well, south of the FI River mouth in south-west Papua, w£ spudded in October.

PROFIT DOUBLED: Fiji Industries Ltd cement maker, nearly doubled its m profit for the year ended June 30. Tl profit, after providing £F6,925 for taxt tion and £F17,538 for depreciation, w£ £F40,518 compared with £F20,301 tl previous year when £F2,000 an £F13,664 were provided for tax an depreciation respectively.

The company will pay a final dividen of five per cent., making the payot for the year nine per cent.