THE SUGAR COMPANY.

Wanganui Chronicle, Issue 12881, 1 May 1913, Page 5

THE SUGAR COMPANY.

HALF-YEAJRLY MEETING

(United Press •Association:—Copyright.) . : Recoived 8.40 p.m., Am-il 30.

SYDNEY

Anril 30

■ At tho half-yearly meeting of*the Colonial ' Sugar: Company tlie report showed the net profits "for Au'Stralaeia at £117,Ti30,-Fiji-iancl New Z&aland £11G.----.003, v.-hereto the balance of £203 0"" is-- added;' making tho v tote-1 lavailr.-blo £-137.203. A dividend at tho rate of 10 per cotit -sind ' the bonus aberobed £187,500, leaving: £249.703 to b G . carried fSrwaxd. ' On the whole the -Riiinmer has been favourable for the "■■rowtli of can© botl: :in Australia- and v:.-

but in Northern Onconslr.nd n*a?iy farmers hnvo suffere-d- considerable losses by.flco.ils.. ;At present .a yield.of sugar ■somewhat above the. average ja expected. Despite the very largo increr.so in ■tho world's ■...production both of cano and beet. gucars. . the market valuer* • are'well maintained., isml there hn-'i been .rip r^clucti-oh..in selling mices since la.st Octobcjr, while the meltings jat the refineries wero larger than during tho previous half-year. The Chairman statqd that Ministers in their electiqi: campaign had in vague tern-r? cllnded to some cf the recommeiidatior-s made in the Sugr.r Commission's report, but there wes nothing d-efinitb regarding th« intentions of the-:' Cabinet."... If w;as much oa<sie.v to"shy'".that the Government should control tho selling priced than to find means of doing &n. Tho Chairman mentioned tho New Zealand case, wherein tho company had been fined, but did not deal with the in.at"ter, owing-, to judgment in the .appeal emo riot- having been given. '