COLONIAL SUGAR COMPANY

Evening Post, Volume CVI, Issue 106, 1 November 1923, Page 7

COLONIAL SUGAR COMPANY

HALF-YEARLY DIVIDEND.

(UNITED MESS ASSOCIATION.—COPYRIGHT.! SYDNEY. 31st October. The usual statements of accounts were not submitted a.t the half-yearly meeting of the Colonial Sugar Refining Company. The omission was attributed to the withdrawal of the control of sugar by the Commonwealth and New Zealand Governments, and the acceptance by Queensland of the position held, by the Federal authorities, /vhich made it impossible to close the books on 30th September, and in addition the winding-up of the Fiji Company was not yet settled. The board nevertheless decided to make payable forthwith an interim dividend of £1 5s per shave. IT.c report stated that /notwithstandr ing the dry weather in Australia the production of sugar at the "mills and in Fiji would be near the estimate of May last, and the crops of 1924 will be larger if the weather is favourable. The chairman (Mr. Knox) stated that the interim dividend was at the same rate as that of the last half-year, but as the capital had since increased the payment would be 255, as against 20s in May. The last amount divisible was thus again the same as was- paid in 1914, before the separation of the companies.'