Colonial Sugjar Company PRICES LIKELY TO CONTINUE
(PER PRESS ASSOCIATION.)
SYDNEY, October 80.
At the half-yearly meeting of the Colonial Sugar Company the profits were shown to be .£85,545, to which has to be added £88,300 brought forward from the previous half-year. A dividend of 10 per cent, was declared, and £88,746 carried forward. The report was adopted.
It was stated that despite the damage caused to the cane in New South Wales by the frost and in Queensland by drought, it was expected the output would be close up to the estimate. This fact, combined with a large increase in the German export bounties, rendered an early recovery in prices improbable, and refined sugars are likely to rule low.
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Bibliographic details
Hawera & Normanby Star, Volume XXXIII, Issue 3389, 3 November 1896, Page 2
Word Count
120Colonial Sugjar Company PRICES LIKELY TO CONTINUE Hawera & Normanby Star, Volume XXXIII, Issue 3389, 3 November 1896, Page 2
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