FIJI GOLD

Grey River Argus, 9 January 1941, Page 9

FIJI GOLD

TWO MINES’ OUTPUT £1,000,000. Net profits totalling £522,143 were earned by the two large Fiji gold mining companies, Loloma and Emperor, during 1939-40, compared with £398,102 in the previous year. Over £1,000,000 worth of gold, Australian currency, was produced, a 'g a ,rh £875,000 in the previous year. ine profit of Loloma Gold Mines, N.L., tor the year ended July 31, was £289,38 , Australian currency, compared witn £198,814 in the previous year. During the year four dividends a Sgcega ing 6s a share (against 4s in 1938-3.1 were paid, requiring £247,500. bine the close of the accounts a' Kerner 2s has been distributed. Profit o Emperor Gold Mining Company Lta., which operates for Emperor Mm .s, Ltd., was £232,761, Australian currency, and exceeded that of IJcoby £28,473. The operating company paid £190,000, Fijian currency, in dividends to Emperor Mines, Ltd. Mom this amount, which is equal to £z ,- 750 Australian, Emperor Mmes paid 2s a share in dividends requirm o £190,000 Australian currency. Since balance’date one dividend of 6d, taxing £57,500. has been paid.