THE COPRA PROBLEM.
I Burns, Philp (South Sea) Co., Ltd., has reduced the interim dividend to 6d ia share. Last year interim dividend I was 7d a share and final 8d a share, jthe total being equal to 6J per cent. jThe directors' half-yearly report states that, with the British Government holding about a year's supplies of copra and the over-supplied Mexican market the only other market available, the value of copra has been below cost of production for some time. Many plantations and trading stations have either curtailed production or closed down. Several of the company's interisland ships have been laid up. In the sugar and mining districts, merIchandise operations have been satisfactory and sundry island products continue to find a moderate market in Australia, New Zealand, and the United States. Revenue from the company's investments remains steady..
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Evening Post, Volume CXXX, Issue 76, 26 September 1940, Page 19
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139THE COPRA PROBLEM. Evening Post, Volume CXXX, Issue 76, 26 September 1940, Page 19
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