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 DC-4
aircraft and two SA-16 amphibious
planes. A Boeing 727 jet and/or a
DC-6B nowfly 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
its operations.
With increasing movement of
people and cargo to and through

Micronesia, Continental has contracted

to contribute substantially to development of tourism through sizable
investment in tourist hotels, advertising, and promotion. [ts contract
stipulates an approximate expenditure
of 6% of passenger revenues during
the term of its contract for promotional activities, including an informa-

tion 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
build 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

the
15
Territory.

hotels

throughout

tk

Gross Territorial Product

The estimated (imprecise) tot
dollar value of all goods and servic
available for consumption and inves
ment in the Territory plus net adc
tions to capital facilities for the yea
1965-1967
amounts
to
abo

$38,300,000 a year or about $430.(

per capita. About 47% of this tot
product, or real income, consists
government-provided goods and ser
ices, about 35% results from loc
production of both subsistence ar
locally marketed products; the remai
ing 18% comes from goods import
into the private markets of t
economy. These estimates indicate t
source of the total economic produ
available to be distributed among ai
to support the people of Micrones:
Wage and Export Income

The following is an estimate

income from wages and exports ave
able to Trust Territory citizens fort
past 5 fiscal years:

Year

National Income!

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. employe:

salaries.

Nongovernmental Organizations

The Marshall Islands and Maria
Islands Districts are the only distric
with Chamber of Commerce organi?
tions. The Saipan Chamber of Co
merce, founded in 1960, is
Part VI-Economic Advanceme

+

BO

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