COLLECTABLE 'CAPRICORNIA INTERNATIONAL RESORT' SOUVENIR NECKTIE
In 1971, Yohachiro Iwasaki acquired hundreds of thousands of hectares of beachfront land including wetlands north of Yeppoon, Queensland to build a resort. The acquisition caused widespread outrage, given that Australian citizens and developers had been refused to buy the land on several occasions. The project continued regardless. Originally known as the Iwasaki Resort, it later became the Capricorn International Resort. Rydges managed the resort until 2011, when the lease was taken over by