COLONIAL'SUGAR COMPANY

Otago Daily Times, Issue 18545, 4 May 1922, Page 7

COLONIAL'SUGAR COMPANY

HALF-YEAR'S OPERATIONS. SUBSTANTIAL PROFIT. DISCLOSED. Press Aaaocietijjn—By Telegraph—Copyright ft SYDNEY, May 3. (Received May 8, at 11.5 p.m.') At the half-yearly meeting of the Colonial Sugar Company it was reported! that the net profits of the Australian setion for the six months was £215,680. A dividend of 15s per share from the mill profits and 5s from tax-free investments . was., declared. It was • decided to transfer £50,000 to reserve and to carry forward £33,489. The Fiji setion's net profit, for the year ended March -31 was, £213,000, from which, £113,750 was • deducted to pay a dividend in September last. It was resolved to pay a 6 per cent, dividend on preference shares, absorbing £48j,750, and to carry forward £50,500,. making the total carried forward to next year's amount £240,212. The report stated that the; Fiji output was above expectations,' but the disturbed labour conditions militated against the company's progress. '' ' ' '" ' ' -"■«— reluctance to withhold its support from any appropriate effort lo attain this object that the (Government of the United States has examined . the resolution adopted at Cannes and the, suggested agenda of the conference. - "I to inform Your Excellency that "as a result of this examination it has been found impossible to escape the conclusion that the proposed conference is not primarily an economic conference, as questions appear to have been excluded from consideration, without the satisfactory determination of which the chief causes of economio disturbance must continue to 'operate, but it is rather a conference of a political character in which the Government of the United States could not helpfully participate. This Government cannot be unmindful of the clear conviction of the American people, while desirous, as has . been abundantly demonstrated, suitably to assist the recovery of the economio life of Europe, that they should not unnecessarily become involved in .European political questions. "It may be added with respect to Russia that'this Government, anxious to do all in its power to promote the welfare of the Russian-people,'views with most eager and friendly interest every step taken toward the restoration of economic conditions which will permit Russia to regain her productive power, but these conditions'in the view of this Government cannet be secured until adequate action has been taken on the part of those chiefly responsible for Russia's present economic disorder. "It is also the view of this Government —and it trusts that this view is shared by the Governments who have called the conference —that while awaiting the establishment of the essential basis of productivity in Russia, to which reference was made in the publio declaration of this Government of March 25, 1921, and without which this Government believes all consideration of economic revival to be futile,, nothing should he done looking to the obtaining of economic advantages in Russia- which would impair the just opportunities of others, but the resources of the Russian people should be free from such exploitation and fair and equal opportunity in their interests, as well as in the interest of all the Powers, should be proserved. "While this Governmc'nt does, not believe that it should participate in the proposed conference, it'sincerely hopes that progress may be made in the way of preparing the way for the -eventual discussion and settlement of the fundamental economic and financial questions relating to European recuperation which press for settlement." We absolutely guarantee that no purer or better ingredients can be more scientifically combined than in the manufacture of Bon Jelly Crystals. Ruabon Co. (Tel. .449), wholesale agents. .Ask your grocer .for » packet. .. The Earl of Essex writes: I have used M'Clinton's Shaving Soap for years, and consider it the best." Hibernia' Shaving Stick is made from vegetable ojls and plant ash. Price, 2s, in nickel container. Chemists, stores. —Advt.

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