COLONIAL SUGAR COMPANY.

Wanganui Chronicle, Volume LXXVI, Issue 18017, 4 November 1920, Page 5

COLONIAL SUGAR COMPANY.

ANOTHER SUCCEShi-IL YEAR. Received Nov. 3. 10.15 p.m. SYDNEY, Nov. 3. At the half-yearly meeting of the Colonial Sugar Refining Company of Australia, it was announced that the net profits for the six months ended September 30th last amounted to £146,461, which, with £25,180 received as dividend on shares in the Fiji and New Zealand Company, made a total of £171,642. A dividend of 6 J per cent, per annum (absorbing £105.625) aud a bonus of 4/- per share (absorbing £32,500) were declared, and £33,516 was carried forward. It was officially announced that the Fiji-New Zealand Company intended to ask the Fiji Court for leave to return the shareholders £lO a share capital, equivalent to £1,625,000. It was also proposed to pay a premium of 25/-, together with six per cent, interest ou the £lO from October Ist. At the Colonial Sugar Company’s qteeting the chairman declared that if the Profiteering Prevention Bill now before Parliament became law in its present form, it would be necessary for the company to wind up its refining works in New South Wales. Such a trade, involving enormous purchases at long dates, could not possibly continue if selling prices were to be fixed by any official board.