COLONIAL SUGAR COMPANY.
A PROSPEROUS COMPANY,
(ReceivedJOct 29, at 10.33 p m) Sydney, Oct 29 The Colonial Sugir Coy's profits for the half year were £100,311. They have declared a dividend of ten per cent. The report stated unless good rains fall immediately, the forthcoming season's crop would be much reduced.
• The Chairman said that with the abolition of bounties in Europe next year, there were prospects of entering into a period of quiet development, to which the sugar trade had been a stranger since the 1884 crisis. He declared that in the tropics there was as yet no evidence that cane can be cut and grown by Europeans: In most oases where white laoorhad been tried this season, the results were unsatisfactory.
The directors' renumeiation was increased from a thousand to fifteen hundred.
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Bibliographic details
West Coast Times, Issue 12346, 30 October 1902, Page 2
Word Count
134COLONIAL SUGAR COMPANY. West Coast Times, Issue 12346, 30 October 1902, Page 2
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