Friday, January 6, 2012

Switzerland of the Pacific



PORT VILA, Vanuatu — Hanging on the wall in the National Portrait Gallery in London is a valuable and historic painting whose real ownership is known only to a company in this sleepy town in the southwest Pacific.
A diamond tiara insured for $180,000 locked in a London bank vault also is nominally owned by the same, little-known trust company called the Melanesian International Trust Co.
Read more here

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