nperor And Lolonm

Ji Mine Has Nothing

Or The Tax Man

EMPEROR Gold Mining Co. Ltd., k of Fiji, disclosed no profit in the year ended June 30 last. But it covered 61,430 ounces of gold from 4,000 tons of ore treated, which is •out its usual average. It has about 0,000 tons or ore in sight, lor eatment. , J .

All the returns from gold, plus a »od deal taken from reserves, was ient during the year on mine de

dopment—about £122,000.

The Emperor has been a mighty oney-spinner, and has accumu ted large reserves. Its directors do it like paying out, to tax-gatherers, ly more taxes than seem reason ale Most of the shareholders are i Australia. The Co. may not aject to paying to the Fiji Govern lent a tax on the profits it makes i Fiji; but it naturally resents Aus alian taxation methods, which •eats the dividends as new income, nd taxes them again.

So, for the year ended last June, iere is no dividend at all for Em eror shareholders; but, through line development, there is a large icr ease in the value of the share

olders’ property.

Loloma Gold Mines Ltd. (Em

peror’s sister, also a money spinner) now derives no profit from mining (it has ceased mining opera Hons Intirely) but it made a profit for the year £97,318. This came fro m “Investments” - accumulated profits made in 20 years total about £IS million.

ABOVE: Miss Marie Ah Leong and Mr. Neil Johansson, who were recently married at the holic Cathedral, Milivai, W. Samoa. In the picture also aer Mr. A. Adams, Miss E. Krause, R. Stowers, Miss Ah Leong, Mr. H. Gentles, Miss L. Crawley. Picrured at RIGHT: Amongst anders who returned home from New Zealand by the December 'Tofua" were, Mr Y. Vivian d Miss M. Maragi who have been stbying in New Zealand, and Miss Pesi, for the lidays; Mr. and Mrs. V. Toma, who were homeward bound for Apia, who was urnig to Niue and was bing farewelled by her brother Togalea.

Photos: Forsgren's Studio, and J. P. Shortall.