EXTRAVAGANT PROFITS
COLONIAL SUGAR COMPANY
EVIDENCE AT INQUIRY
(United Press Association—By Eleetrio Telegraph—Copyright)
MELBOURNE, 19tli January.
Giving evidence before the sugar inquiry to-day, Sir Hal Colehatch described the profits of the Cblonial Sugar Coy. as extravagant, arising as they did from an arbitrarily fixed price which is opnressive to other Australian industries. The profits of £1,000,000 a year were for a time divided under tlie headings “Profits made in Australia,” and “Profits made outside.” The balance sheets of the company were remarkable not for what they disclosed, but for what they concealed.
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Bibliographic details
Nelson Evening Mail, Volume LXIV, 20 January 1931, Page 7
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92EXTRAVAGANT PROFITS Nelson Evening Mail, Volume LXIV, 20 January 1931, Page 7
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