Fiji Gold Dividends Heavily Taxed

BECAUSE the new Labour Government in Australia brought in a budget under which dividends received in Australia from gold mines operating in Fiji are subject to heavy taxation, a wave of selling of shares in Emperor Mines, Ltd., the big Fiji gold producer, took place in Melbourne and Sydney in mid-November. Shares which were being quoted at 11/- a month earlier went down to 8/10 in a few days, but they presently recovered to 9/-, and have re mained there. There is nothing wrong with the Emperor mine; and, therefore, persons who are not resident in Aus tralia, and who have the opportunity of buying these shares, can make a very good investment.

The Islands business of C. Sullivan Ltd. has been taken over by C. Sullivan & Co. under the general management of Mr. C.

Sullivan. The new concern has taken over the staff and offices of Messrs. C. Sullivan Ltd. and will continue to do business at the same address as heretofore —379 Kent Street, Sydney.