FIJIAN FINANCES

Feilding Star, Volume 9, Issue 3849, 4 October 1932, Page 5

FIJIAN FINANCES

ESTIMATES FOR COMING YEAR SUGAR AND COPRA PROSPECTS (Aust. and N.Z. Cable) Suva-, October, 3. Til the Legislative Council this morning file Governor, Sir A. G. M. Fletcher, presiding presented lor ceremonial use as mace tor the Council King Cakobau’s war club given by him to Queen Victoria in 1874 on the execution of the deed oT cession ttyvl now returned by the King to Fiji. The Governor in his speech et-ti-maTed that, tile deficit for 1932 would be Cl 2,000. The estimated revenue fur 1933 was £568,350 and the expenditure £554,132. His Excellency forecasted a reertrd crop of sugar for 1932, namely, 30 000 tons «f sugar, twice the 1931 output,. Copra was again on a paying basis, and the estimated output fir 1933 was o-nefliird ill excess of the 1932 figures. The Government was endeavouring to raise the stand, aid of quality of oiipna. Good results had accrued from Fiji’s participation at (he Ottwan, exhibition in August. A~number <) 1 inquiries bad been made for Fiji products. The firsj. half of the or. lcuy’s new loan of £160,000 bad been issued ini London in July at. 102 or a 4 per cent. Toan not guaranteed by the Imperial Government. Tlie balance of the loan would lie is* sned shortly. The Governor will leave Fiji en November 18 feir seven months’ vacation.. Mr Seymour will admiftis'er the colony in his abs3tt4e.