6. FIJI - INVESTMENT IN PROPERTY MORTGAGE AND SHAREHOLDING
The Company retains a substantial investment in a joint first mortgage over beachfront, freehold properties in Fiji.
As announced in our December Quarter Activities Report, the company has appointed a receiver to act for it in the recovery process of a secured loan advanced to the Nadi Bay Beach Corporation. The property has been marketed for sale by tender and interest in the property has been very strong. An announcement concerning the finalisation of this process should be made during the first half of 2015.
