COMPANY NEWS

Press, Volume LXXXVIII, Issue 26856, 8 October 1952, Page 13

COMPANY NEWS

COLONIAL SUGAR S £4,000,000 DEBENTURE ISSUE FILLED d (New Zealand Press Association; h m AUCKLAND, October 7. >s The Colonial Sugar Refining Company’s d issue at par of £4,000,000 5 per cent, mortit gage debentures has been over-subscribed, d to a report received by the d New Zealand Herald” today from Sydney; , No further applications will be accepted. The debentures are redeemable in 1962 2U at option of the company in 1959. The objects of the issue were to provide funos for general expansion, mainly in buildings and plant, for sugar milling and i. and bulk raw sugar installations. The whole of the issue which was at gar was underwritteh by a Melbourne rokmg firm, which took £1,500,000. ApSlications opened on September 8, and le £lOO debentures were payable on apElication or £25 on application and the alance m instalments of £25 on December 31, March 31, and June 30. The first half year’s interest win be paid on March 31 ne!xt., Australasian Paper and Pulp.—Final dividends are: preference stock, £4 100 (£8 for year); ordinary stock, same (£7 10s for year); ordinary shares, 1952 issue, £2 100 units.—(PA.) John Bulieid and Co.—Preference and ordinary dividends of 5 per cent, are payable on October 23. Books will close from October 7-21 inclusive. Shares ex dividend i, October 7.—(P.A.)