COLONIAL SUGAR COMPANY.

Taranaki Daily News, 1 November 1915, Page 8

COLONIAL SUGAR COMPANY.

HALF-YEARLY REPORT. By Ofcble—Prees Association—Copyright. Sydney, October -29. At the half-yearly meeting of the Colonial Sugar Refining Co. the chairman stated that the statement of profit and loss was not prepared, as it was impos-1 sible to include involved transactions with the Commonwealth Government in respect to the Australian sugav supplies from July 1 to September 20. The directors, however, were convinced that the profits warranted the distribution of an interim dividend of 6'/ 2 per cent, per annum. The transfer of assets in the Fiji and New Zealand Company was completed last month. The cane crops in New South Wales and Queensland had been reduced by drought, and rain was greatly needed for next year's crop.

WILL MAKE MUNITIONS. Received Oct. 31, 3.30 p.m. Sydney, Oct. 30. At a subsequent meeting of the shareholders of the Fiji and New Zealand section of the Colonial Sugar Company, the report which mentioned the declaration of an interim dividend of six per cent, on preference shares for the half year was adopted. All shares had been allotted on a full cash basis, and the amount received therefrom was three and a half million pounds. ■Regarding the Sugar Company's offer to supply shell bodies, the profits therefrom going to the war funds, the company had spent a considerable sum in experimenting in both shrapnel and high explosives, and the position is that they will commence making them as soon as steel is available.