Trading Notes
p. 131 · Read in the full issue
CARPENTER BONUS: W. R. Carpenter Holdings Ltd. is to make a l-for-4 bonus issue—its third in 12 years. Provided that “produce prices and general business in the islands continue in the present trend”, the directors expect to pay a 15 per cent, dividend on the bonus-increased capital of £6.25 million.
Fiji Industries Ltd. Profit Up:
The company, Fiji cement makers, earned a net profit for the 12 months to June 30, 1963. of £F20,301, equal to 9.1 per cent, on capital. This compares with a £F2,669 loss incurred in the first two months of the company’s trading to June 30, 1962. The latest result is after providing £F2,000 for tax and £F13,664 for depreciation.
To Operate Hotel: The Inter-
Continental Hotel Company, of New York, will be the operating company for the hotel being built by the American Samoan
Development Corporation. Inter-Con tinental is a subsidiary of the Pan American World Airways. The site of the hotel is in the Goat Island Club area of Pago Pago. t , FIF ; ST EXPORTS; Newly-formed Norfolk Island Fisheries Ltd. freighted out its first overseas samples of local fish early in November, in the MV “Tulagi”. About one ton of whole fish was processed into fillets and fish fertiliser. All the fish processed was caught from the company’s own boats.