THE SUGAR INDUSTRY.

Taranaki Daily News, Volume LVII, Issue 136, 2 November 1914, Page 2

THE SUGAR INDUSTRY.

OOLONIAL REFINERY CO.'S GOOD YEAR.

By cable. —Press Association.—-Cop/right Sydney, October 30. At the meeting of the Colonial Sugar Company, the report to September 30, •howed net profits £'256,300, of which £135,000 were earned in Fiji and New Zealand. A dividend of five per cent. w»s declared, and a bonus of 5a per share, £165,890 being carried forward. Colonel Onslow Thompson replaces Sir Horman MacLaurin on the directorate. The chairman stated that largo traai»ess was done in refined sugars during the half year, but Australian prices were Tory low compared with elsewhere. The erops being harvested in Australia and Fiji were turning out well owing to opportune rains. In spite of the troublous times, the volume of business had not suffered; in fact, there had 'been record sales during the half year. Regarding the position of the world's sugar market, everything depended, of course, upon the war. The Continental (Powers inTolved wero largely interested in the production of beet sugar. This would ! be seriously curtailed while the hostili- : ties lasted. Already there had been a sharp advance in the world's prices, and although high prices meant decreased consumption, no doubt the high level of values would be maintained until the production of beet sugar in Europe resumed normal proportions. The Comi pwiy had placed an order in England tot another steamer similar to the EiMt,