Bill it seems to be one long strip of bark. I assume it is soaked to make it more elastic or it had these properties when fresh to shrink on itself like hide work in East Africa. Forming a very tight hold. It is indeed tight enough to run amok with confidence. Interesting that the this part of the Pacific completed the world telegraph network in 1902 I believe. Here is some more stuff on trade in the Torres Straits and PNG Fly river region.
I have started the process to make an appointment at the British Museums ethnographic department study room on the matter of flint headed clubs and will report all.