COLONIAL SUGAR COMPANY.

Dominion, Volume 6, Issue 1586, 1 November 1912, Page 5

COLONIAL SUGAR COMPANY.

■ v "'-.'"■■•' -'-•'', ~-~\ ■'■?■.' ' .''■,'■■■■-■•'' .' '.: ; •-. •'.-■' ';■' ' , : PBOPIT.,OF ,:■.,'.'.- .. ; ■.;'"<'■'■'■■■ '■"•'.-... ''■■ ■''"■"'■■ '-'■■' ■ . ;.-;,-: ,'.":. .Br Teleeraph—Presß Association—Copyright ' . ■"'■.(Bee,-October. 31;; 10.50 'p.m.) ' :■;:'::■ '..'■ i '--,. ■ : > , 'Sydney, October 31, '.:At.th'e:halfryearly meeting of the Colo-nial-Sugar Eefining Company, it noimcoiKithat tho. company ? s not in Australia were .£119,628,. and iin : New .Zealand au'd Fiji JEIIO.OOO. To this hail : t6''be;added.a balance carried.forward of £161 Mi, making a total . available of ■ J8391J174.V -A dirideni and bonus at .the rate of 12J: per cent- per annum were deand; absorbed ,£187,500, '. leaving \£201,674 r t6'.iie earned, forward. '._. .:. The chairman stated that owing to the shortness of'the rainfall in. Aiistralia and Fiji, the crops were now- cutting much, below, tho average.' It vras impossible to forecast the course of the European market during tho next few'months, and.the' immediate future was uncertain. Next year's crop should bo a good ono if rain came soon; The company's affairs were normal, , but tho.same could not be.said. of the labour position. v-'lf the Minister! for Customs , recent edict was carried into effect, he'expected a. contraction of the Biigar-area in Queensland.. Tho:result of Hieappeal to the Colonial Office been that, a better understanding had-.,been reached as regards Fiji, and the position' had improved accordingly. . '■'. ■■' ; .'.'■ r. The chairman eaid he considered, comment on the Sugar Commission undesirable/ 'as proceedings ..were, still pending. The: costs in .connection therewith vrwe considerable, "ondhad been written off.