Essential business

PETER Tashjian arrived in Papua New Guinea in 1985 to teach a course and found there was no appropriate tex tbook. Business Organisations in Papua New Guinea is the result of his efforts to come up with such a textbook. While this book was drafted with his own course at the Papua New Guinea University of Technology in Lae in mind, it will be essential to any person or company doing business in that country. It starts

with unincorporated organisations (sole

traders, partnerships, etc) and then goes on to outline PNG law relating to com panics, including an outline of the Com panics Act (soon to be amended in light of the proposed Port Moresby stock ex , \ y , ’ , change being established), directors and their responsibilities, and much else.

•« is appropriate the book has been issued by a law publishing company, be cause Tashjian has given an authoritative guide to business law and practice in Papua New Guinea. The book was also needed because of the growing foreign investment in the country, from both Australian mining an oil interests and Asian capital, formation. The one qual ification is that so much of the book, particularly the part dealing with share transfers, auditing and so on, will have to be revised next year in light of

changes proposed to the Companies Act,

new securities regulations and other mat ters now being studied by the Papua New Guinea government, • Business Organisations in Papua New Gunea. by p eter c Tashjian. The Law Book Company, Syd ney. $A29.50. D