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Tuesday, 1 October 1935

Mr LYONS - I have received no specific advice from the Commonwealth Oil Refineries Limited, but I understand that the increase has been agreed to by the directors because of the financial position of the company. For the year 1933- 34, Commonwealth Oil Refineries Limited made a loss of £86,000, and while no balance-sheet has yet been issued for the present financial year, I understand that there will again be a substantial trading loss.

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