CZECH SUGAR INDUSTRY

Sun (Auckland), Volume II, Issue 357, 18 May 1928, Page 12

CZECH SUGAR INDUSTRY

APPEAL FOR A GRANT (United P.A.—By Telegraph — Copyright) (Australian P.A. — United Service) PRAGUE, Thursday. The leaders of the Czecho-Si’ovakian sugar industry have sent a memorandum to the C vernment urging a grant of £1,160,000 . >m the public funds to be divided between that industry and the beet-growers. This aid is wanted to meet the losses which have resulted from the changes in the British duties. The Government is considering measures to meet the danger which is threatening the industry. N.Z. PAPER MILLS, LTD. DIVIDEND OF 6 PER CENT. A final dividend of 3 per cent, for the year ended March 31, 1928, is recommended by the directors of the New Zealand Paper Mills, Ltd., in their annual report, making 6 per cent, for the year. The accounts show that, after providing for bad and doubtful debts, depreciation, income tax, and payment of interim dividend (£4,500), there is available £9.641 10s Sd. The balance to be carried forward is £5,141 10s Sd. Following is a summary of the company’s results and appropriations for the last three years:— 1926. 1927. 1928. Brought forward £6,749 £5,030 £5,089 Net profits . . 9,531 9,059 9,052 £16,280 £14,089 £14,141 Dividend, p.c. .74 6 6 Amount . . . 11,250 9,000 9,000 Carried forward £5,030 £5,059 £5,141 The company’s capital is £150,000, and the reserve fund £20,000, at which figure it has remained since 1925. The company’s shares are not ready sellers on ’Change and buyers have been in at from 14s to 14s 6d for a long period, without any business being tarnsacted on the Auckland ’Change. CANADA’S APRIL TRADE (Australian Press Association) OTTAWA, Wednesday. The exports from Canada in April were valued at approximately £11,800.000, against £15,500,000 in April, 1927. Imports were valued at £15,700.000, against. £14.850,000. The Customs and excise duties yielded £3.900,000, against £4.100.000 last ApirL