Subsideries Rport Excellent Profits Пара and Dil

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Caroni and West Indies Sugar, both controlled by the £76 million Tate and Lyle group, heave reported excellent profits. Caroni, an £8millions eoncern based on Trinidad, is raising its dividand from 3a to 5d per share, Not profits have mors than doubled from £410,667 to a record £979,484 after paying £373,779 more tax at £663,857. West Indies Sugar, a £6¢ millions company operating in Jamaica, returns to the dividend list with an interim of js per share end forecasts and 84 final. Tho chairman of West Indies, who also vice-chairman of Tate and Lyle reported that a record crop has been harvested in Jamaica — where W.1I.S, has 25,000 acres of sugpr cane and a spare 2,500 acres for bananas, On the stock exchange, Tate and Lyle shares climbed ls 64 to 55s, Caroni jumped 9d to 5s 34 and Yest Inides Sugar 5s 3d to 24s, Although these results partly reflect the embargo by the U.S, admin ia pation on Cuban sugar, it is clear that vast suiie of money are sucked out the Caribbean countries by British big business.