COLONIAL SUGAR COMPANY.
ANOTHER PROFIT SHOWN QUESTION OF A DUTY. By Telegraph.—Press Asan.—Copyright, Received Nov. 2, 11-20 p.m. Sydney, Nov. 2. At the half-yearly meeting of the Colonial Sugar Company the report showed that the total profit for the half-year was £206,200. It was resolved that a dividend of 15/- a share be paid, absorbing £121,875, and to place £50,000 on the reserve fund, increasing it to £350.000, leaving a balance of £34,325, which, with £285,310 brought into the accounts carried forward, made a surplus in the profit and loss account of £319,635. In addition to the dividend of 15/- shareholders will receive a distribution of 5/- per chare from the New Zealand and Fiji Company The chairman, referring to the Fiji Company, eaid it had not yet been stated what are the intentions of the New Zealand Government about including a duty on sugar in the new tariff now coming oefore Parliament, but it seemed dear that refining could not be continued in the Dominion under the free trade conditions prevailing before 1914, owing to increased in manufacturing expenses.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19211103.2.42
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, 3 November 1921, Page 5
Word count
Tapeke kupu
180COLONIAL SUGAR COMPANY. Taranaki Daily News, 3 November 1921, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in