Commonwealth-New Guinea Timbers Limited
Commonwealth New Guinea Timbers Ltd
1952 – 1972
Company formed jointly by the Commonwealth Government and Bulolo Gold Dredging Ltd to log the hoop and klinki pine forests of the Bulolo valley in the Territory of New Guinea and to make plywood and timber at a mill at Bulolo.
How it came into existence
Formed in 1952 under an agreement between the Commonwealth Government and Bulolo Gold Dredging Ltd, reached after some three years of negotiation and approved by the New Guinea Timber Agreement Act 1952, which gave the new company rights over the Bulolo pine forests; plywood manufacture began at Bulolo in the 1950s. The company was part of the Department of Territories' policy of developing the territory's resources. It had no Commonwealth predecessor.
Legislation: New Guinea Timber Agreement Act 1952
Changes during its life
- 28 February 1968Papua and New Guinea matters passed from the Department of Territories to the new Department of External Territories.
How it ended
The New Guinea Timber Agreement Acts 1952 and 1953, under which the Commonwealth took part in the company, were repealed by the New Guinea Timber Agreement Act (Repeal) Act 1972 with effect from 1 September 1972, marking the end of the Commonwealth's participation. When and how the Commonwealth disposed of its interest is not confirmed, so the end is given only as 1972. The Bulolo operation continued and is now run by PNG Forest Products.
Main functions
- Logging of hoop and klinki pine forests at Bulolo
- Plywood manufacture
- Sawn timber production
Where it sits
Last in the portfolio of Department of External Territories.
Lineage
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Sources
Some dates or links for this organisation are uncertain. Corrections are welcome.