SOUTH SEA TRADE

Evening Post, Volume CXVI, Issue 21, 25 July 1933, Page 12

SOUTH SEA TRADE

BROWN AND JOSKE REPORT

Brown and Joske, Ltd., a South Sea merchant company with headquarters at. S.uva, Fiji, 'reports a' profit of , £.306 for the year ended March 31, compared with £302 the. previous year. .' With . £3291 brought forward there is £3598 -.available. Dividend of 7 per cent, on the preference shares accounts for £1400, leaving £2198, which is carried forward. Gross profit was £11,831, an increase of £2886. External liabilities'at £15,051' are higher by £5418, and debtors at. £30,395 have, been reduced by £2458. .Assets total £97,214, an increase on the year of £4324. ; The directors -report that trading- conditions have been difficult and competition keen. A record crop of sugar, was produced, and the extension of preference in Great Britain on sugar produced in British colonies for a further period of five' years einabfed sugar. prices to be. atabilised for the. Indian growers. Copra prices have fallen. Good crops of bananas have been grown by the Fijians. The export of bananas from Fiji has been reorganised by the quota system and by the opening of-the Australian market, even though it is. for a limited quantity. ■ Total exports from Fiji rose from 92,000 cases to 173,000 cases over, the calendar year. RUBBER STATISTICS. Fnlted Press Association—By Electric Tele- . graph—Copyright. (Received July 25, 10.30 a.m.) LONDON, July 24. ' Stocks of rubber compared with those at the end of the two previous months, T'° ' June 30. July 15. July 24. Tons. Tons. Tons. London .... 43,748 42,748 42,046 Liverpool .. 59,560 59,135 58,901