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Newspaper
Cairns Post
Location
Cairns, Queensland, Australia
Date
Jul 11, 1916
Page
1
Fragmentary OCR lists a sash and door factory Abbott Street and a life assurance office with policies in force of 37,000,000. It mentions G F Smith as proprietor or contractor and references church and school furniture as a specialty.
The Cairns A. P. and M. Association announces an Ames Show to be held on Thursday and Friday at the race court in Ames. Details unclear due to OCR errors but dates point to late September.
The Cairns Agency of The Horth Queenesland Mortgage and Investment Co Limited is operated by A J Draper Limited at Abbott Street Cairns. The firm will receive all monies and conduct business on behalf of the company. It offers real estate advances for building or improved properties with easy repayment terms. For full particulars apply to A J Draper Limited Agents L C Woolryceh manager.
The Victoria mill award details cane price for seasons 1915 and 1916. The board sets base price by commercial sugar content, adds a 1s 9d per ton premium, and schedules payments with delivery milestones and adjustments based on average cane quality and group totals. Dissenting views noted by Marshall and O’Brien.
The Central Board heard inquiries on the Macknade and Victoria mills in June. It sets cane awards, quoting tonnage and prices for 1915 and 1916, while dissenting members challenge access to growers' and owners' private records and the board's handling of cane production costs.
The inquiry heard that mill owners seek interest on overdraft as a legitimate cost of manufacture while the Commonwealth Government and CSR agreement allow interest on working capital. Cane growers’ agent conceded working capital is an asset but debated its amount as well as the low standard interest rate, which may push capital away from sugar production amid high prices and shortages of chemists.
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