NAURU PHOSPHATES.

Taihape Daily Times, Volume XI, Issue 3499, 29 May 1920, Page 5

NAURU PHOSPHATES.

COMPLETION OF PURCHASE. WELLINGTON, May 28. The Prime Minister was asked at the conference of producers to-day for information about the Nauru purchase. Mr Massey, in reply, said that a. day or two ago he was netified that it would be necessary for the Government to find New Zealand’s share of the purchase money on or about July 1. He reminded the conference that, besides Nauru, the three countries concerned (Britain, Australia, and New Zealand) were taking over Ocean Island, with the whole of the business and interests of the Birtish Phosphates Company in these two islands. According to the schedule the ‘conrpa.ny had six -ships imder charter, but he was not -able to say definitely whether the charters of these ships would be taken over with the other business. in any case, judging by _prese_nt appearances, the business would come under the control of the three Governments about the date he had mentioned. Each Government concerned would appoint a commissioner