COLONIAL SUGAR COMPANY

Dominion, Volume 14, Issue 34, 4 November 1920, Page 5

COLONIAL SUGAR COMPANY

STATEMENT OP PROFITS AND DIVIDEND. (Rec. November 3, 10.15 p.m.) . Sydney, November 3. At the half-yearly meeting of the ColoDial'' Sugar Refining Company of Australia it was announced that the neb profits for the six months ended. September i3O last amounted to .£146,461, which, with ,£25.180 received as divideud on shares in the Fiji and New Zealand Company, ma do a total of ,£171,642. A dividend of 61 per cent, per annum, absorbing .1105,625, and a bonus of 4s. per share, absorbing .£32,500, were declared, and -£83,516 was carried forward. It is effieially announced that the Fiji and New Zealand Company intended to ask' the Fiji Court for leave to return the shareholders' .£lO a share capital, equivalent to J81,625,000, and also proposed tio pay a premium 'of 255., together with G per cent, interest on the ,£lO from Octo-' ber I.—Press Assu. COMPANY MUST WIND TJP IF SELLING PRICES FIXED. (Rec. November 4, 1.20 a.m.) Sydne/, November 3. At the Colonial Sugar Company's meetfug the chairman declared that if tho Profiteering Prevention Bill now boforo Parliament became law in its present form, it would lib necessary for the company to wind up tliel refining works in New South Wales. Such a trade, involving enormous purchases' at long dates, couldi not possibly continue if selling prices were to be fixed by any Official board.—Press Assn. , 1