COLONIAL SUGAR COMPANY.

Wairarapa Age, Volume XXV, Issue 10713, 1 May 1913, Page 5

COLONIAL SUGAR COMPANY.

HALF-YEARLY MEETING. (Received Last Night, 8.45 o'clock.) SYDNEY, April 30. At the half-yearly meeting of the Colonial Sugar Co. the report showed that the net profits for Australia were £117,530, Fiji and New Zealand £116,000, to which a balance of £203,673 will he added, making a total available of £437,203. A dividend at the rate of 10 per cent and bonuses absorbed £187,500, leaving £249,703 to be carried forward. On tho whole the summer has been favourable to the growth of cane, both in Australia and Fiji, but in Northern Queensland many farmers had considerable losses from floods. At present the yield of sugar is somewhat above the average. It is expected that despite the very large increase in the world's production of both cane and beet sugars, the market values -will be well maintained. There has been no (reduction in the selling prices since last October, while the meltings at the refineries were larger than any previous halfyear. The Chairman stated the Ministers, in the election campaign, in vague terms alluded to some of the recommendations made by the Sugar Commission's report, hut he could say nothing definite regarding the tentions of Cabinet. It would he easier to say that the Government should control the selling prices, than to find a means of doing 60. The Chairman mentioned the New Zealand case where tne company was fined, but he did not deal with the matter owing to pudgment in the appeal ca.se not having been given.