Financial Institutions and Markets in New Caledonia

  • Michael T. Skully

Abstract

Located some 1500 kilometres due east of Australia and 1700 kilometres north of New Zealand, the French Overseas Territory of New Caledonia covers a land area of 19,103 square kilometres. It is comprised of the islands of New Caledonia, Walpole, Isle of Pines, and the Loyalty, Belep, Huon and Surprise and Chesterfield island groups.1 The island of New Caledonia, la grande terre, is the largest and comprises 16,750 square kilometres or some 88 per cent of the Territory’s total land mass and the major portion of its population of 145,368. The population itself is comprised of different races and cultures of which the native Melanesians are the largest group. The most recent statistics indicated that they comprised 42.6 per cent of the population compared to 37.1 per cent for Europeans, 8.4 per cent Wallisians and Futunians (another French Pacific Territory), 3.8 per cent Tahitians, 3.5 per cent Indonesians, 1.6 per cent Vietnamese, and the remainder from a mixture of other races to include Chinese and ni-Vanuatu.

Keywords

Sugar Nickel Migration Corn Depression 

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Notes

  1. 2.
    William McTaggart (1963) ‘Noumea: a study in social geography’, Ph.D. thesis, Australian National University, March, pp. 7–8.Google Scholar
  2. 3.
    Alan Ward (1983) New Caledonia — the immediate prospects, (Canberra: Parliament of Australia Legislative Research Service).Google Scholar
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    Myriam Dornoy (1984) Politics in New Caledonia (Sydney: Sydney University Press) p. 137.Google Scholar
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    Pierre Gascher (1974) La Belle au bois Dormant: regards sur l’administration coloniale en Nouvelle-Calédonie de 1874 à 1894, (Noumea: La Société d’Etudes Historiques de la Nouvelle-Calédonie) p. 246.Google Scholar
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    J. S. Butlin (1961) Australia and New Zealand Bank: the Bank of Australasia and the Union Bank of Australia, 1828–1951 (Sydney: Longmans) p. 207.Google Scholar
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    Virginia Thompson and Richard Adloff (1971) The French Pacific Islands: French Polynesia and New Caledonia (Berkeley: University of California Press) p. 475.Google Scholar
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    William McTaggart (1963) ‘Noumea: a study in social geography’, Ph.D. thesis, Australian National University, March, p. 43.Google Scholar
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    For a discussion as to what constitutes a merchant bank and its traditional functions see Michael T. Skully (1987) Merchant Banking in Australia (Melbourne: Oxford University Press).Google Scholar
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    J. T. Macrae (1974a) ‘New Caledonia: a summary of recent economic developments with special reference to “le problème Melanesian”’, Pacific Viewpoint, 15 (1), May: 49.Google Scholar
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    A speech dated 25 July 1964 as cited in Alan Ward (1982) Land and Politics of New Caledonia (Canberra: Department of Political and Social Change, Australian National University) p. 145.Google Scholar

Copyright information

© Australian Consulting Inc. 1987

Authors and Affiliations

  • Michael T. Skully
    • 1
  1. 1.University of New South WalesAustralia

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