Trading Notes
p. 134 · Read in the full issue
SHARE ISSUE: Loloma Mining Cor poration NL plans to make a l-for-4 issue of 2/- shares at a 13/- premium.
This will raise £464,062 to finance an extensive tin mining programme in North Queensland.
Loloma operated in the Fiji gold min ing industry for many years, but its activities are now confined mainly to Australia.
Mr. M. J. Cody, the chairman, retired from the Loloma board in March, and also from the Emperor Mines Ltd. board.
He was succeeded as chairman of Loloma by Mr. N. B. Theodore, son of the late Mr. E. G. Theodore, former Federal Treasurer, and one of the founders of the Fiji gold mining industry at Vatukoula.
Fiji Branch Wanted: The Habib
Bank (Overseas) Ltd., of Pakistan, has applied to open a branch in Fiji. An official of the bank who visited Suva in mid-March said an answer was expected from the Government by the end of the month, and if the applica tion was approved, a branch could be opened in six weeks.
Fiji Industries Raise Dividend:
Fiji Industries continues its prosperous way with the interim dividend for 1964-65 advanced from 4 per cent, to 5 per cent.
This indicates a final 10 per cent., com pared with 9 per cent, last year. The directors reported that both sales and profits for the December half-year were higher. Shareholders in this cement manufacturing company, which has its works at Lami, near Suva, include the CSR Co. Ltd., Burns Philp (SS) Co. Ltd. and W. R. Carpenter.