COLONIAL SUGAR COY
(By Electric Telegraph— Copyright.)
AND ITS WAR LOANS. (SYDNEY, This Day. A circular has been issued by the Colonial Sugar Company, of Australia calling a special meeting of shareholders to consider .a. proposal to return to shareholders part of the capital. The circulars explain that during-the war the Company subscribed a considerable sum to war loans. It is now necessary to decide what action should lie taken in regard to the money thus withdrawn from business. Under normal conditions a large proportion of this money would have been required for extensions and renewals in the Queensland mills, hut the political position is that the State renders such expenditure impossible in the case of funds available for this purpose when the outlook i s more stable. The Board has therefore decided to advise that £658,000 sterling worth of debentures be divided among shareholders as a return on paid-up capital of the company, being at the rate of four pounds for each twenty pound share.
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Hokitika Guardian, 1 March 1920, Page 1
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166COLONIAL SUGAR COY Hokitika Guardian, 1 March 1920, Page 1
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