COLONIAL SUGAR COMPANY.

Dominion, Volume 4, Issue 960, 29 October 1910, Page 5

COLONIAL SUGAR COMPANY.

THE YEAR'S PROFITS,

By Telegraph—Press Association-Copyright.

Sydney, October 28. At t'he half-yearly mooting 1 of the Colonial Sugar Refining Company, ( the profits were shown to be £196,714, to which has to be added a balance of £115,971. A dividend at the rate of 6, per centum for the half-year was declared, leaving £170,180 to the .credit of the profit and loss account.

, '.The l'eport stated that the hurricane at Fiji had damaged tho crops there, but that the Queensland crops were exceeding tho estimate. • Tho prospects for. next year's '.props were satisfactory, Tho profits of the company's business in Fiji and New ' Zealand . had been £70,006. : ,- •;

The chairman announced that as tho balance, after paying dividend, was now -piedited 'with. £150,000, they proposed ta'afl(Hhis-amount to tha paid-up capital, iij tho. same manner as was adopted in 1908. They proposed to issue .7500 shares of £20'eaoh, carrying a dividend from , October 1, ': Such sharos are to be offered to shareholders, in tho proportion of one to every 19 held by them, on November ,15 next,'on which date £150,000 will be taken from profit and loss and divided amongst the shareholders in proportion to their respective holdings. , , '

■ ; The. report and the resolution dealing with the new share proposal wore adopted. •