COLONIAL SUGAR COMPANY.
SYDNEY,. October 30. At the half-yearly meeting of the rlfflial Sugar Company, the profits for £ months were shown to be £85 000 Dividend of 18 per cent was declared and (H 000 carried forward. The chairman Stated that in consequence of removal of ifcke had cancelled contracts with cane Seisin New South Wales, but would omtiiue to crush during the season, 1898 _ 18.9 When the mills were closed, J {raid have to write off £450,000. kj. added to a loss of mill owners and toreciation of value of land in sugar districts, meant a loss to the colony by the aid of 1899 of million pounds. If, howera federation became an accomplished fact the industry would be able to take are of itself as the duty under the federal tariff would he certain to be sufficient to enable them to continue growing cane.
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Auckland Star, Volume XXVIII, Issue 253, 1 November 1897, Page 3
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146COLONIAL SUGAR COMPANY. Auckland Star, Volume XXVIII, Issue 253, 1 November 1897, Page 3
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