Colonial Sugar Go.
A PROFITABLE YEAR. CUBAN COMPETITION KEEPS DOWN PRICES. iSv Cable—Press Association—Copyright Received 29, 9. p.m. Sydney, April 29. At the half-yearly meeting of the Colonial Sugar Refining Co. the report slated that the net profits in Australia were £133,781, and in Fiji and N.Z. £130,000, to which the balance of £52,01 fl was added, leaving a total available of £315,780. A dividend at the/rate of 10 per cent, would absorb £162,500, and a bonus of 5s per share £40,625, leaving £112,655 to be carried forward. The estimates of last season's crops were more than realised. The sugar output of both Australia and Fiji far exceeded any previous year's. Next season's prospects were on thfc whole satisfactory, good rains having fallen in the siigar districts of Australia, but the weather in Fiji was rather dry. Daliveries of refined sugar were well maintained. No change in prices had taken place during the half-year, the large production in Cuba now tending to depress the values in the .world's markets.
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Taranaki Daily News, Volume LVI, Issue 281, 30 April 1914, Page 5
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169Colonial Sugar Go. Taranaki Daily News, Volume LVI, Issue 281, 30 April 1914, Page 5
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