PHOSPHATE DEPOSITS.
NAURU AND OCEAN ISLANDS,
(Australian and N,Z. Cable Association.) LONDON, July 28.
The Australian and New Zealand Press Association has been authoritatively informed that the newspaper cables from Australia imputing recalcitrancy by the British Government in reference to Nauru Ihland, resulting in a deadlock, are wholly unfounded. It is also untrue that the agreement between Britain, Australia and-New Zealand will expire in 1925. The agreement is perpetual, but the allocation 1 of the output from Nauru is reviewable over five-yearly periods, the first of which is in 1925. Mr. Deckinson, the British Phosphate Commissioner, is of opinion that Britain cannot afford to surrender her rights under the agreement, because Nauru and Ocean Islands possess, tho most valuable deposits in the Empire. The only reason that Britain is not participating in the output is because the North African product is cheaper owing to tho exchange. Speaking with twenty years’ knowledge of Naura and the Ocean deposits, he considers they are. sufficient for a hundred years.
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Bibliographic details
Poverty Bay Herald, Volume L, Issue 16495, 30 July 1924, Page 7
Word Count
166PHOSPHATE DEPOSITS. Poverty Bay Herald, Volume L, Issue 16495, 30 July 1924, Page 7
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