Profitable"

Copra “To Continue Profitable"

Mr. R. B. Carpenter is satisfied that copra prices will remain “at a very profitable level”. He reported this to shareholders at the annual general meeting of W. R. Carpenter Holdings Ltd., in Canberra, in November.

He also held out hopes for an improvement in cocoa prices, the net return from which, in the company's New Guinea plantations, had been “below a satisfactory level”. He said prices had fallen as a result of over production in Africa, but there had since been a slight recovery, and there were some prospects “in the very near future” for them to return to a higher level.