me etibd.
Trust
Territory
corporation;
and
Aloha Airlines, an inter-island air car-
tier in Hawaii. Air Micronesia provides
jet service from the Trust Territory to
Honolulu, Guam, and Okinawa. The
airline replaces the previous service
under which Pan American operated
the Trust Territory fleet of two DC4
aircraft and two SA-16 amphibious
planes. A Boeing 727 jet and/or a
DC-6B now fly to all districts except
Ponape, where the SA-16 aircraft must
be used until a new landing strip is
completed. Continental Airlines has
committed itself to a broad training
program, leading to maximum employment of Micronesians in all phases of
Ci;
its operations.
a
Settee
With increasing movement of
people and cargo to and through
Micronesia, Continental has contracted
ie
to contribute substantially to development of tourism through sizable
dined a=
le
stipulates an approximate expenditure
of 6% of passenger revenues during
po eens
me
investment in tourist hotels, advertising, and promotion. Its contract
the term of its contract for promo-
tional activities, including an information campaign for the travel trade,
media advertising, development of
package tours, and colorful and interesting literature.
Increased numbers of travelers are
conducive to hotel development. In
December 1967 the Royal Taga, the
first first-class hotel in the Territory,
opened in Saipan. The three-story,
$800,000 structure will be expanded
from 54 to 100 rooms, Within the
next 3 years, Continental also plans to
buiid an attractive and interesting
Pacific-style hotel in each district.
Construction probably will begin in
Truk and Palau Districts during calendar year 1969.
Including the Royal Taga. about
189 rooms are available to travelers in
42
15
the
throughout
hotels
4
Territory.
Gross Territorial Product
The estimated (imprecise) to
dollar value of all goods and servi
available for consumption and inve
ment in the Territory plus net ad
tions to capital facilities for the ye
1965-1967
amounts
to
ab
$38,300,000 a year or about $430
per capita. About 47% of this t
product, or real income, consists
government-provided goods and s
ices, about 35% results from |
production of both subsistence
locally marketed products; the rem
ing 18% comes from goods impo
into the private markets of
economy. These estimates indicate
source of the total economic pro
available to be distributed among
to support the people of Micron:
Wage and Export income
The following is an estimat
income from wages and exports :
able to Trust Territory citizens fo
past 5 fiscal years:
Year
National Incon.
1964
1965
1966
1967
1968
$ 7,589,000
10,257,000
10,746,000
11,370,000
14,904,672
"Does not include U.S. empk
salaries.
Nongovernmental Organizations
The Marshall Islands and M.
Islands Districts are the only di
with Chamber of Commerceorg
tions. The Saipan Chamber of
merce,
founded
in
1960,
Part VI—Economic Advanc