Page 18 Advertisements Column 1

Press, Volume XCIX, Issue 29250, 7 July 1960, Page 18

«Ju«t turn on the top. INSTANT HOT WATER 24 HOURS A DAY with... Your Zip Automatic Jet water heater gives you lashings of piping hot water—instantly! At the turn of a tap you’re assured of a constant supply 24 hours a day. & And there’s no power wastage because it’s AUTOMATIC! MM The Zip Automatic Jet switches itself on and off...refills itself. Zip Automatics heat water “on the spot” eliminating long pipe runs. They’re convenient too—the perky, power-saving 3,5, or 9 gallon Undersink Automatic can be space-savingly tucked away under the sink or washbasin . . . is perfect for general use. There is the handsome 2 or 3 gal. Zip Automatic Jet which can be fitted over the sink ... in the washhouse ... or in the bathroom. A Zip looks after itself—just switch it on and forget it! And remember: A Zip’s efficient heating sendee and better insulation saves electricity! ‘ ZIP WATER heaters Get the facts from your plumber, electrician H ■■■ ZI P Wholesalers (Canty) Ltd., Christchurch. WkS W Russ.ll * Co. Ltd., Ashburton. ** Ashburton Electric Power Board, Ashburton. Dao Coigrov. Ltd., Tlmoru. Eg ■Bli h W ,p • n^u ’ fT, «« LlmHed, lewer Hutt 43.U.9

C.S.R. Co.’s ANNUAL REPORT - POINTS FROM CHAIRMAN’S ADDRESS TO SHAREHOLDERS *, | ’ In his annual address to shareholders the chairman of the i. ‘ HtolgSS ■ Colonial Sugar Refining Co. Ltd., Mr. J. W. Dunlop, referred to: |'.,. • record production at C.S.R.’s raw sugar mills I . j • increased sales of C.S.R. building products [ j. • joint ventures in petro-chemicals ’ ' U|. Mr. Dunlop, at the annual cumstances that have arisen, of 5% over 1959. Higher usage ‘ ■ meeting held on 29th June, resulted in too high a price by fruit canners, milk conden- j■' reported on Um Company's ac- for cane. sen and soft drink manufac* ( ' eBNB Ovides in Australia, New CAR. poridoa in Fiji: There turns was mainly responsible Mr J w DUNLOP, Zealand and FIJI Some of the can be no long-term future for the improvement, although Chairman of CAR. points from his speech are: place or function for private stockpiling by manufacturers . -_____ enterprise capital and the ex- • in anticipation of the increase ,u, f IP M n r hioh—«hat goes with it if eco- in the price of refined sugar SrXe^d ° 1 RAW SBC AR nOmrc °V P o * inflated sales shwply towards ’ rim y briM . k . construction work K-V- . 'WL’ ; 1 stances take away reasonable the end of the financial year h . n for the new £2 security for assets or satis- and afterwards until the pnee Tmbwwl hardboard Total production: Prdduc- factory prospects for the rate rose on 16th May. ... . n ac( ;h u , Marsh in tion of raw sugar from the of earnings required by the New Zealand: A wholly- e “ Company’s mills in Australia owners of the capital and avail- owned subsidiary, the New o-cted to commence operating and Fiji.during the. 195 J season able to them elsewhere. Great Zealand Sugar Company Ltd., an U arv 1961 was a record 572,000 tons. Al- importance for our future has been formed to handle die Vinylflex floor tiles and thhugh production was less in prospects in Fiji attaches to the refining and selling of sugar in Gyprock board: Although sales Australia than fast year, it was new contract for the purchase New Zealand. . of all C.S.R. building products ' so high in Fiji that the Com- oi cane and to the general Sales of sugar products in have improved during the year, pany’s total output exceeded attitude fat Fiji towards capital New Zealand in the last increase in sa i es o f Vinylthe 1958 record by some investment, especially capital financial year were 113,(MU flex floor tileB Gyprock 70,000 tons. from outside Fiji. tons, an increase of 6% on laster h as been ■ ® e P™™™ y®«- Machines £ ujte outstal ,d, ng . Raw Sugar Production at the Company’s Mills f ° r packing refined sugar m Overall sales of. industrial , TONS ACTUAL SUGAR’ ”chemicals and plastic and solN.S.W. Queensland. Fiji • Total ordered for re- vent materials produced at the 1954 24.700 230,400 132,900 388,000 R h»des and Lane Cove fac1944 ■ 34,500 196,200 163,100 394,100 to begm about mid-1961. tories o£ C .S.R. Chemicals 1956 34,700 198,500 134,500 367,700 w > .•* (609fe C.S.R.) again showed a 1957 35,600 239,600 196,100 471.300 /- Y WVWBrtf ~ substantial increase during the 1958 56,400 245,500 198300 500,200 ' At-™ past year. However, the effect 1959 67,900 221,4Q0 283,000 572,300 We have recentJy decided, of the recent lifting of import ■ 1,1 . .. 1 111 1 aS a niove to develop canes hcensmg has yet to be fully Australian MBs Shareholders are assured that which will be better fop milling felt. Paces of certain chemicals The Company Owns 7 Of very great efforts, are being and to increase cane-growing have been reduced to meet the 34 miffs in Austral^—i made to find a solmion to the efficiency on the farmsTtoes- °J e ’?? aS i„‘? mpe “ tl ?i?‘ in Queensland and 3 ta,-New. problems in Fin ona basis, tablish an advanced type of This hre had to be done in the South Wales. Production coo- which will enable the Company centre devoted f acc of ns ‘Pf costs and . W,U trols in Australia, which are to continue to play a construe- „ p , h will be at have an adverse effect on necessary to keep production tire part in that Colony, m Brisbane and win primarily P™" s - ’ in line with available markets, accordance with our tradiuon consist o f a special type of ,ofa t Ventures in Petroimposed limits on the output and continuing policy, while building ealled a ’ phytotron. Chemicals: In March this year of our Queensland mills in not forgoing the legitimate in- \ a company was formed jointly 1959. Profits were considerably terests of shareholders. •We ' L. ’ with the B. F. Goodrich lower than in the ' previous remain hopeful that a fair solm < “IHOUSTRY k Chemical Company of U.S.A. year duw mainly tn higher coats tion will be found..- .-v-.. -s.« --J (to be known as B. F. Goodand to the lower production But failure of income-earning - Australian refined sugar rich-C.S.R. Chemicals Pty. in Queensland. ability in FijL or . even loss of j-tre te— r — ' Ltd.), for the manufacture of Fiji MA assets there, would be much The new price operated from the extensively used plastic, Production was 43% greater 100 detrimental to the Cmh- 16th May and will apply during polyvinyl chloride (PVC). thitaX previous {“Minder M |he period C.S.R. Chemicals has a 40% season (1958) and greatly ex- thanTt would bare bew some tfe Australian Common- holding in this company, ceeded which yearl a *°; M* o ™ th ’ dirersifl- wealth Sugar Agreement, which C.S.R.C;-Dow Pty. Ltd. (50% mraSreSlM to exports by "fPhfication of our in August, 1961. None C.S.R. Chemicals) is expected the Intonational Sugar Agree- “tivities in Australia.. o£ procreds foam this price to start manufacturing styrene ment. . T> '* \increase' is retained by the monomer in 1961 and, meanPrnfin from the mills in Fiji REFUttMr Company as refiners and tellers time, further expansion has were very poor rirmirn the' '■■■'— •" -’»•' of the sugar, but in respect of been announced The raw large crop, mainly because of Australia: Sales of sugar seven mills, We benefit as material for PVC is ethylene high costs, a prolonged season, products from our five re- members of the raw sugar in- dichloride, and this also is to low sugar content of the cane fineries in Australia' were dustry, in the same way as,the be made by C.S.R.C.-Dow. and a type of contract with 526,000 tons for the year 27 other raw sugar mills. \ ■ the growers which, in the dr- ended March. 1960, an increase ... .. j 4 oTsreo Marrebc INCREASE IN NUMBIR OF CSX SHARE ' wXire ‘ HOLDINGS—-IM4-IMO O J Mtej of C.S.R. Sales of distillery products building materials increased by have continued to increase and wiwMire ' 20% for the year ended both our Pyrmont and Mel11 11 "W” —— " ■ 1 “| March. 1960, compared with bourne distilleries achieved ' > the previous year. This in- record production. \ maos 1 ■ ~ crease does not take into ac- Consolidated Accounts count the sales by the com- It has been decided that next urns —— pamre acquired by C S.R. dur- year shareholders will be prea 5 * - seated with consolidated state16.000 —— - *•■ -i r - ' htaeoite: The , Masonite ments which will include the - - < <rf now \ assets, liabilities and profits of 14,000 ■ ■■■ ■'■■■■■ i ——— r■— i ■ wholly owned tiy C.S.R., is the subsidiary companies. / making good pFDgrcas. • -y—— g - ; ’ " f bud Victoria, in which, through Suggestions hare been made BJ. Holdings Pty. Ltd., we ac- at various times that-the Com- **” ' quired a large majority interest pany’s £2O par value shares > during the year, has had a year are now somewhat of an ' 1 ' of record sales. anachronism and that they r Fynibamdi The factory of should be split into units of **° . •; . ““ —Pyaebourd Pty. Ltd. (60% smaller par value—say £1 or * ’ ' ' - C.S.R.) at Oberon wag . Com- ss. Od. m» ■ I — 11 —— —— —r— . pleted to schedule and' has To put an end to conjecture, > A . reoently been officially declared I think J should say that the —i—»■■—-t , . ■ - < I l'» ire open. Uris factory makaa flake- Board expects to recommend m« - ’■» M » 4s . or ss .» board, under the trade name of achange to'£lsharesinassociI ~ . i 1 Pynebourd, Rua strong, rigid ' ation with and as part of the Increase in 1959-60 partly due to share issues to . board which has rapidly deveL next major capitkl issue whenacquire Masonite and Bradford companies. oped a big market overseas, ever this may be necessary. Copies of the C.S.R. Company's complete annual report and chairman's address are available from: NEW ZEALAND SUGAR CO. LTD, 2 Quay Street, Aactdaad.