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Financial Institutions and Markets in the South Pacific pp 63–156Cite as

Palgrave Macmillan

Financial Institutions and Markets in the Solomon Islands

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Abstract

Located approximately 1900 kilometres north-east of Australia, the Solomon Islands cover an area of some 27,560 square kilometres and, with a population of 267,000, is the third most populous of the Pacific island countries after Papua New Guinea and Fiji. In addition to its six main islands, Choiseul, New Georgia, Santa Isabel, Guadalcanal, Malaita and San Cristobal, there are many smaller inhabited and uninhabited islands stretching some 1450 kilometres in an east by south-east direction from Papua New Guinea to slightly north of Vanuatu.

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Notes

  1. Sir Harry Luke (1962) Islands of the South Pacific (London: Harrap) p. 122.

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  2. A. R. Hughes (1985) ‘Coming back to earth … return to economic reality and prospects for growth’, a speech, 19 August, p. 15.

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  3. K. Buckley and K. Klugman (1981) The History of Burns Philp: the Australian company in the South Pacific (Sydney: Burns Philp & Co.) p. 247. To a lesser extent, Burns Philp was also affected by the Commonwealth Notes Act 1910 in Australia which imposed a prohibitive tax on private bank notes.

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  4. Commonwealth Bank of Australia (1952) Annual Report, pp. 30–1.

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  5. See Michael T. Skully (1985) ‘Financial Institutions and Markets in Papua New Guinea’, in Michael T. Skully (ed.) (1985) Financial Institutions and Markets in the Southwest Pacific: A study of Australia, Fiji, New Zealand and Papua New Guinea (London: Macmillan) pp. 257–8.

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  6. National Bank of Solomon Islands Ltd (1981), Annual Report, p. 3.

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  7. Central Bank of Solomon Islands (1982) Annual Report p. 19.

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  8. National Bank of Solomon Islands (1984) Annual Report, p. 4.

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  9. George F. Pickering (1978) Basic Banking Facilities in Rural Areas of the Solomon Islands, (Suva: United Nations Development Advisory Team for the Pacific) p. 4. The remaining agency was not profitable either. Industry interviews suggest that the ANZ Bank’s agency network at one time might have included as many as 12 to 15 outlets.

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  10. Development Bank of Solomon Islands (1981) Annual Report, p. 8.

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  11. Development Bank of Solomon Islands (1981) Annual Report, p. 8.

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  12. Development Bank of Solomon Islands (1983) 6th Annual Report, p. 18.

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  13. Solomon Islands Monetary Authority (1981) Annual Report, p. 21.

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  14. Charles G. Kick (ed.) (1986) Development Services Exchange of the Solomon Islands: directory (Honiara: Development Services Exchange) p. 7.

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  15. Solomon Islands National Provident Fund (1977) First Annual Report, p. 1.

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  16. Central Bank of Solomon Islands (1984) Annual Report, p. 25.

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  17. The Government Shareholding Agency (1980) Fourth Annual Report, p. 11.

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  18. The Government Shareholding Agency (1981) Fifth Annual Report, p. 4.

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  19. Central Bank of Solomon Islands (1985) Mid-Year Economic Review, p. 18.

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  20. Central Bank of Solomon Islands (1984) Annual Report, p. 21.

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  21. Stanley F. Arneil (1979) Forming and Running a Credit Union, 2nd edn (Sydney: Alternative Publishing Co-operative) pp. 145, 146.

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  22. Wayne M. Bornemeier (1985) Development Plan for the Solomon Islands Credit Union League 1986–1990 (Washington DC: Volunteers in overseas Co-operative Assistance) p. 3.

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  23. J. R. Ringshall (1984) ‘Report of the SIHA and overall housing policy and funding’, Commonwealth Development Corporation sponsored paper, November, p. 19.

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  24. Central Bank of Solomon Islands (1984) Annual Report, p. 25.

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  25. National Bank of Solomon Islands (1981) Annual Report, p. 3.

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  26. George Kejoa (1985) ‘Introduction to the 1985 Supplementary Appropriations Bill’, speech, p. 2.

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  27. Central Bank of Solomon Islands (1984) Annual Report, p. 22.

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  28. A. R. Hughes (1985) ‘Coming back to earth … return to economic reality and prospects for growth’, speech, 19 August, pp. 12–13.

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Author information

Authors and Affiliations

  1. University of New South Wales, Australia

    Michael T. Skully (Senior Lecturer in Finance)

Authors
  1. Michael T. Skully
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Copyright information

© 1987 Australian Consulting Inc.

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Skully, M.T. (1987). Financial Institutions and Markets in the Solomon Islands. In: Financial Institutions and Markets in the South Pacific. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-09623-7_2

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