COLONIAL SUGAR COMPANY.

Poverty Bay Herald, Volume XXXX, Issue 13063, 1 May 1913, Page 5

COLONIAL SUGAR COMPANY.

SYDNEY, April 30. At the halt-yearly meeting of the Colonial Sugar Company the report showed the net profits' to 'be: Australia £117,530. Fiji and New Zealand £116,000, whereto is added £203,673, making the total available £437,203. A dividend at the rate of 10' per cent, and bonus absorbed £187,500, leaving £240,703 to be carried forward. On the whole, th,e report states, the summer has been favorable to growers, oi cane,, both m Australia and. Fiji, but m Northern Queensland many farmers suffered considerable losses by floods. „ At present tho yield of sugar is somewhai above the average. It is expected thai despite the very large increase m th; world's production, both tho sane and beet sugar market values will be well maintained. There has been no reduction m soiling prices 'since last October, .while the meltfng: at the refineries was larger than for any previous half-year The chairman:; st^rtpftt^t Ministers m the election campaign In vague terms 'had alluded 'to some b£"tl% i .?ecommendation> marle m the Sugar Con'i mission's report hut they said nothing definite regarding the intentions of Cabinet. It was nmcli easier to say the Government should con trol soiling prices than to find a means of doing so. The chairman mentioned tlio New Zealand case, wherein. the com nariy was fined, but did not' deal with it, the Appeal Court's decision not having yet been given.