Lot Essay
In Papua New Guiena there was a organised system of ceremonial exchange within a certain specified area. Individuals or communities would give prized objects to a partner in the same or a different village. They would not immediately receive a gift in return but at a future date would receive something of at least equal value. The ceremonial giving or kula would take many months of preparation and was perceived as the centre of economic, social and ceremonial life; it not only provided prestige by the accumulation of prized objects, such as these obligation stones, but most importantly created a network of obligations which contributed to social stability.