History
The Charmers brothers built a mill at Penang in 1878. It was later transferred to Fraser and Company and then sold to Melbourne Trust Company in 1896. The mill was enlarged (with machinery from Mago Island, where a mill had closed in 1895) and the increased crushing capacity together with favourable weather conditions enabled the mill to operate independently. In 1922, as the price paid for the cane decreased, farmers began to abandon their farms and the mill had to shut down. Planting resumed in 1923 with the promise of higher cane prices in future. The mill reopened for crushing in 1925 but in 1926 was taken over by the Colonial Sugar Refining Company (CSR). In 1973, the Penang Mill, together with three other mills being operated by the CSR were sold to the Fiji Government-owned FSC. The Fiji Government is still the major shareholder in the Company.
Read more about this topic: Penang (Rakiraki) Sugar Mill
Famous quotes containing the word history:
“The history of American politics is littered with bodies of people who took so pure a position that they had no clout at all.”
—Ben C. Bradlee (b. 1921)
“My good friends, this is the second time in our history that there has come back from Germany to Downing Street peace with honour. I believe it is peace for our time. We thank you from the bottom of our hearts. And now I recommend you to go home and sleep quietly in your beds.”
—Neville Chamberlain (1869–1940)
“No one can understand Paris and its history who does not understand that its fierceness is the balance and justification of its frivolity. It is called a city of pleasure; but it may also very specially be called a city of pain. The crown of roses is also a crown of thorns. Its people are too prone to hurt others, but quite ready also to hurt themselves. They are martyrs for religion, they are martyrs for irreligion; they are even martyrs for immorality.”
—Gilbert Keith Chesterton (1874–1936)