Typhoon Treasure is a 1938 Australian adventure film directed by Noel Monkman and starring Campbell Copelin, Gwen Munro, and Joe Valli.
Alan Richards is the sole survivor of a pearling lugger which has been shipwrecked on Pakema Reef during a typhoon.
Thring offered to back Monkman in making a dramatic feature, and provided him with a writer, John P. McLeod.
In June 1935 Monkman announced he and Alan Mill had bought the film rights to a novel, A Recipe in Rubber by Robert Stock.
While filming underwater scenes on Green Island in October, one of the divers, James Bell, died of myocarditis.
In the 1950s rights to the film were bought by George Malcolm who cut it down to 40 minutes and reissued it as The Perils of Pakema Reef.