Trading Notes
p. 132 · Read in the full issue
Mariboi Rubber Pays Out 17%
PER CENT.; Although the average world price of rubber was down in the year ended June 30, 1963, the 20-years-old Mariboi Rubber Ltd., of Papua, countered with increased production and reduced average cost per pound. It finished the year with the satisfactory net profit of £29,944, and now is paying its usual 12 y 2 per cent, recent dividend.
This is a planting company with an issued capital of £201,186, and it is associated with and controlled by Steam ships Trading Co. Ltd.
P. H. Stephens (Consolidated)
LTD.; For the year to June 30, 1963, the company showed a nett profit of £A161,248, after tax —an increase on the profit for the previous year of 23.68 per cent.
Gold Production Decreases: The
production of fine gold in New Guinea showed a slight decrease for the year to June 30, 1963, compared with previous year but fine gold production in Papua was almost double the value for the previous year. New Guinea figures were £666,787 (compared with £670,218 for 1962). Papua figures were £743 (£359).
Hackshalls’ Profit Up: In The
year ended June 30 last, Hackshall Ltd., the big Australian corporation which owns Pacific Biscuit Co. Ltd., Pacific Soaps Ltd. and Union Soaps Pty. Ltd. (three companies operating only in Fiji) made a profit of £91,702, which was £6,000 greater than last year.