Page 11 Advertisements Column 1

Press, Volume CII, Issue 30191, 24 July 1963, Page 11

AT A MODEST COST .. . YOUR MESSAGE IS CARRIED EARLY TO OVER 64,000 FAMILIES DIAL 50-IW. OUR OPERATORS WILL BE PLEASED TO HELP YOU. IT'S WISE TO ADVERTISE IN THE MORNING. C.S.R. Co’s ANNUAL REPORT ' £SSS Points from Chairman’s Address to Shareholders In his address to shareholders at the annual meeting held on 17th July, - the chairman of the Colonial Sugar Refining Co. Ltd., Mr J. W. Dunlop, reported , m™ th™ Jh on the Company’s activities in Australia, New Zealand and Fiji. Some of the • P p year by The Ruberpoints from his speech are: oid Company of Australia , . v ’Pty- Ltd. (60% C.S.R.) m at lOd. per lb (New Zealand changes in the world sugar . • building up sales in its currency), equivalent to a market situation. I here has .&£ * highly competitive field of w holesaie selling price in been a shift in the direction bituminous products, but ths Total C.S.R. production of Auckland of £Bl/10/- per of tighter supply and disap- rato of improvement has raw sugar: Production of ton. The new price came pearance of surplus stocks. been considerably better raw sugar during the 1962 into operation on 26th June. World consumption of over the past few months, season by C.S.R.’s seven It is very much below the sugar j s now about 53 milmills in Australia and by current cost. The reduction [jon tons annum and MBREHMbL ’ the four Fiji mills of our in the working capital of the {alis into the following ■ *'* '•**> ‘.-X’i’ WWW&IWWL ’•W*’’* J subsidiary, South Pacific New Zealand Sugar Com- ca t e g Or ie S : n„„ion chair ce d Ptv arjiSja’JKgfflixtL’&nS •• im«» St>* ~i ton!’ during the previous ’sea- financed by a special bank Colonial Sugar Refining ago some recovery had taken «nn This was a record overdraft, with a limit of counts tor about jymii Company. place in the demand for the total production, slightly £2,500,000, guaranteed by *“" s ’ * " a °‘ d chemicals and plastic materexceeding the quantity made the New Zealand Govern- damaged gugßr fc will ln 1959 ’ ment ‘ tion or stabilisation pro- being recovered and treated companjeg c.S.R.Q Dow ——— gramme designed to and the loss cannot at pre- L td . (50% C.S.R. Raw Sugar Production By C.S.R. Group promote production with- sent be stated- It could chemicals) and B.F. GoodTons Actual Sugar (nearest 000 tons) in the respective consum- >n the vicinity ot JU.wu rich< s R chemicals Pty. Season NS W. Queensland Fiji Total ing countnes. tott was (40% CKK Chrou1958 56,000 246,000 198,000 500,000 Trade under special price was owned by thc cals). fapwewto l* 1959 68,000 221,000 283.000 572,000 arrangements accounts for Townsville Harbour Board. t, " ued . f< £ * X? 1960 ~ 60,000 241,000 147,000 448,000 about 9 million tons and Both were insured . and tbe rate °f mcreaae m the de 1961 65,000 236,000 143,000 444,000 u regulated by bloc or underwritera made very mand levell » d on1962 76,000 274,000 248,000 598,000 multi-lateral arrangements. proinpt payments on account, , — “World free market” trade pending final assessments of „ , . Mill. As the New Zealand Min- handles up to 5 million the insured losses. C.S.R.S Australian Mills , jgter q{ Industries and Com . tons> this res idual quantity „. Record tonnages of sugar merce has said, it is “the amounting to only about tk. m-nwine research were produced in 1962 by general view of informed 10% of world consump- g. g . *_ hav , the company’s mills in both opinion that the present ex- tion. Prices on this Queensland and New South cessive price (of world mar- market will fluctuate . Recovery in the bin ding been met by P i arae r Wales. The total for these ket raw sugar) is temporary widely if supply and de- industry. is slower than in of.new * nd « mills was 350,000 tons, an . . and it » o f course the mand become unbalanced, many other industries, but laboratories at increase of 48,000 tons on intention that the New Zea- but usually there has been conditions have >n’Pro e ville, Sydney. the previous best figure, i and consumer will continue a situation of over-supply gradually, uur sales 01 a o f £600,000, achieved in 1958. Well dis- to pay lOd per lb, after the with a low price level. building materials for the about 60,600 sq. ft. of labtributed rain throughout the world price of raw sugar has F .: me WO rld u . rl, oratory and pilot plant area growing period, followed by fallen, until the special over- consumntion has been rising ?£ out 10^’. h ™ r r im have been P rovi<tod ,or S* a mild winter, aided the draft has been paid off. X di N oarticulariv in tht the preVl . oU *» manufacgrowth of the cane crop. Again quoting the Minister, v P and st <Kks have most ‘" re ’ , bu “ din « Present indications are This is not a subsidy ... been f a ni ng . During the Fj nanc iai results were sub- chenucal *- that a similarly heavy crop It » a stabilised pnee m last year an exceptionally stan tially better than last Dtotflleriaa will be available for harvest which the consumer gets winter in the north- year . Sales of distillery products in the 1963 season which has the benefit of a lower price hemisphere reduced y ’ . rtirouehmit the vear wnrn tost commenced. now but continues to pay Eduction in Europe Floor Tile. Group: Aus- th. year wwn ’ conuncnc the stabilised price after a “^ r No P rt h Arnerica; and pro- tralian manufacturer, have satisfactory. Fiji Mill. world prices fall and until duct j on j n Cuba, the world’s reduced their price, and Ocmu VMtate Our subsidiary company in the stabilisation account is largest exporter, has also have developed a range_ . o »R ona ” and Ta mbit" Fiji, South Pacific Sugar repaid. fallen heavily. Stocks in P att {;™ s continue to provide aa Mills Ltd., had a successful The New Zealand Sugar many countries were reduced duality products cenamiy essent j a i service to our mill, initial year, production being Company, while willing to earlier this year, and are now comparable witn mose 01 jn Nortb Queensland and to 248,000 tons of raw sugar, co-operate in this scheme, at a level where market overseas producers. Howe cr, $ p g.M. mill, in Fiji. 105,000 lqns more than in did, of course, require cer- prices are very sensitive to imports continue to noia a offi~ Buildinc the previous season. In the tain safeguards; and these short term changes in pro- > ar «® tT current 1963 season all avail- have been provided in the duction or expected produc- “ ue ro their ver V low pnee.. Th e company, old head able cane will be harvested agreement. If world raw tion. Rising prices and Fibreboard Group: Con- office building has been oeand crushed and production sugar prices do not fall as uncertainty about supplies tinued representations regard- molished, and the site exca ‘ is expected to be about expected, and if therefore the have caused some importing ing the dumping in Australia vated for the new building. 270,000 tons. This quantity guaranteed overdraft reaches countries to increase their of hardboard from overseas It is expected that the new would exceed the 1962 pro- its limit, or continues over- imports, thus adding to the producers have resulted in offices will be ready tar duction considerably, but long, then the company has upward pressure on prices, the matter being referred to occupation about the middle would fall short of the the right, after giving rea- From about £stg.2O per the Tariff Board for enquiry, of 1965. record 1959 output. sonable notice to the Gov- ton c.i.f. U.K. at the begin- It is over a year since such investment. a eminent, to increase prices n ing of 1962 the world free evidence was first presented ™ . A ,5 rop ,L sufficiently to recoup the market price rose to £stg.4O to the Government. United Telecasters Sydney SJin S Comide?' deficiency and pay off the at the end of 1962 and Th Austra)ian market for Ltd., in which this company ..a». m'sis: .< .h. saA’sswr.si Conditions generally in The New Zealand Sugar whjJ hi h undoubt . city for thc market available, «... Sydney. The the sugar industry in Fiji Company refines raw sugar .. 7 5 f stimulate even thouch a considerable W,H own l "° .F? are sound. Good crops are bought 2n the world market. te p^‘? tio T We quantity ArdlSh™ow Jbe Public i— wh*ch being grown by the 13,000 For some years, with the p likel to ir . exported. » now m progress. cane farmers who sell their world price of raw sugar T . . ’ onlv “ . . „, cane to the mills and rela- low, New Zealand consum- f * .• ( which »Gy pwim Product. nFRCMTIIDFR tions with the farmers, as ers enjoyed one of the low- Xv with the awicul- Im P™vement in sales of that with the employees, are est retail prices in the world ™ al V todustrial tottitot- g t roup • pr .^ UCt * next satisfactory. There is a for sugar refined in the !: A and DO litical condi- S i oW i l !?u y i. are ’k’u’* .i> on cVnon (Mw P «f m spirit of co-operation in the country of consumption; for *. w ; t hin P each country closely* o the home build- the £3,000,000 of 5% •• industry, and an apprecia- instance, it was 7£d or 7id. " aar area /rf ,ng ,nd u ustry *" wh,ch re ’ benture * WIU ** repWd - tion in the community of per lb throughout 1962, in- £““^7hemisphere the covery has lagged. „...• the industry’s importance to eluding the duty of Id. per winter has P delaved Pyneboard Group: Sale, of the economy and of the lb. When the New Zealand . D i ant : nß o f tbc 1963-64 Pyneboard made by Pyneneed to keep it operating Sugar Company started p “ nt ind i ca tions board Pty. Ltd. (60% uj» more than ever ptea> efficiently. using raw sugar bought at Z’ aQ averagc crop C.S.R.) have continued to j in a year of mich fan. b'Sh" P r ' ces ' th , e u re ’ all . P rices seems likely, although good « ake r»d progress. proyed finMlc ial multi to - • in New Zealand had to rise, weat h cr could increase it. Mineral Fibre# Groop: record our appreciation of A C LI s ®Y cra \ increases producing coun- Bradford Insulation (Vic.) the work of the staff of the Sales of sugar products , ® k?/ ik Pr ‘™ tries have decided on expan- pty. Ltd. began the manu- company, which ha. contrifrom our refineries in Aus- This T n but „ it ‘L nOt c ? ar a when (* ctur 1 . e nl "’ eral v°?‘ buU fJ *° ** tralia and New Zealand con- t a matter of deep con lh,s , w,n , Ixs reflect D ed ,. ,n March 11111 > ear m Victoria, results. tinno tn ini-reaw xtMidilv was a maller 01 oeep co " actual performance. Policies tinue to increase steaauy, cern to tbe CO mpany, as to <2 nrodnetion and figures" for the^ast*five*years •* le communl *y’ aD d although consumption PadopteTly “the PfiCS flßCtMtiOllS Of SUglf M WWM W Rlfklt to 2lb and 4 immedia,e ' v after tbe 17th political instability and un- 100 YEARS 1864-1963 .nnual wemgM cJ.f. UK refined sugar m2 lb and 4 June increasei the fall . theD cd|Ctahl£ in the £7O, r—t r—- „„„ . „ under - developed countries Sale, of Sugar Products by C.S.R. and N.Z. Sugar Co. which produce cane sugar, -g- . - _ (nearest 'OOO tons) may well be of crucial im- • Year ended Australia New Zealand portance. Cuba must be 31tt March tons tons reckoned to have the re- 1 i 1959 499,000 106,000 sources to restore itt produc- kl ■— ioaa X'ia non iit nnn tion, now about half of £4O plus 960 526,000 113,000 what jt was pre . Castro , totottetta. Ifl 196 , z 542000 119 000 times The Communist £jo ______ \ —f. -MJ, 1962 542,000 119.000 world has mu(;h jge at TF S T 1J 1963 547,000 122,000 stake in Cuba and therefore \A2/ ———————— ——————————— an jnterest j n restoring pro- A J H J lb packets is being marketed I would have produced a deduction. However, perfor- •y L\ / in large volume in all Aus- I crease in the retail price of mance will be partly the GO ——- ** 1 ~ tralian states and demand is only Id. per lb. The New result of a political decision still increasing. Zealand Sugar Company in- and partly dependent upon 1 ’ 1 ’ ' ’ ' . m a. u t. .■ tended to announce a reduc- the social conditions and in- IS7O 1830 1890 1900 1910 1920 1930 1940 1950 1960 , , a , n d : j ark | tln s tion accordingly but the New temal discipline of the counOf Chelsea brand refined Maland Government felt try. ,e vcarc •_,.»i tun rif tilt, sugar m retail packet, by that> as furtber reductions * io to the it 15 YEARS 1948 ~ 1963 annual Ua "" our subsidiary, New Zealand cou i d be exnected in the Loo * in » tne niture, n no ■ —— Sueur Comnanv Ltd com- , . 27- ex P eclca m may be Mia that, m com- I sugar tompany Lta.. com f ulure , this wa» not enough w : t h recent vear, n ? enCe .l aSt v e ? f ’ i, and l^ ere reduction for the present, pr ; ce . _ Ijkelv to fluctuate 460 I —— —— ——— j also, the packets have been and that action was nceded F««» a re f’kGy to fluctuate very well receded by the forth with to bring tbe price It «n alro*be M?d B 0 grocer, and housew.ves. * ck t 0 ,j t „ T Ib conf / X / < The extraordinary behav- t’t’^tabaiMtion^heme ° f ? enc ?’ ‘bat this is likely to £4O -A V T\ jour of the world market ‘he stabfiiMtion scheme. tbe dunn g most / \ J \ price for raw sugar, to which B Syfiaß/INDUSTRY ”# of 1964 - The future course £3O —A ~l I shall be referring in more > -S'- " I of the market towards the J detail later, precipitated an Tli 'iiiBRIIII BWI ' Ulf end of 1964 and beyond de- . , .. unusual and difficult situ*- Aurtralian Raw Sugar Pends on so many factors tion in New Zealand, as a Production tha ‘ predictions are hazard- - ■- result of which the New Australia produced a oua ' Zealand Sugar Company Ltd, 1 ,g 02 ,000 tons of raw Towwvffle Fir. I 111 j0V „ , The ewence of this scheme The Change World at Townsville in May when uStatSSc it that the retail price of Sugar Situation fi re damaged the storage refined sugar in New Zea- Over the last year or so building and destroyed a p Note: This price Is mi »er»te ef th. UK eLt. prfcel«rfi|| land has been “leveUed out” there have been some major very large quantity of sugar. months Ist January te 3M Bey, D6* Copies oi tht CJS.R. Company's complete annual report and chairman's address are available front ASH' ZEALAND bUCAR CO. LID., U fort Street,