SUGAR PROFITS.
THE COLONIAL COMPANY. BY CABLE-PRESS ASSOCIATION -COPYRIGHT. SYDNEY, Nov. 4. The half-yearly report of the Colonial Sugar Company shows that the net profits in Australia were £254,124 for the six months ended September 30, while the net earnings in New Zealand and Fiji were £154,320. Compared with the previous half-year, the Australian profits increased ‘by £53,563 and the New Zealand and Fiji profits decreased by £41,223. A dividend and 1 tonus of 121 per cent for the year has been declared, absorbing £304,687, the sum of £IOO,000 lias been added to the reserve, and £3576 has been carried forward. Regarding Fiji, the chairman, at the half-yearlv meeting, mentioned that the company had secured two more properties in order to consolidate the position. One of the purchases covered land owned by the Penang Company, containing the only other sugar mill in Fiji. Drought had seriously affected both this and next vear’s Fiji crops. The company, the chairman stated, had no intention of moving its Auckland refineries.
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Bibliographic details
Hawera Star, Volume XLVI, 5 November 1926, Page 5
Word Count
167SUGAR PROFITS. Hawera Star, Volume XLVI, 5 November 1926, Page 5
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