COMPANY AFFAIRS.

Auckland Star, Volume LX, Issue 141, 17 June 1929, Page 4

COMPANY AFFAIRS.

CHRYSLER CORPORATION

Latest accounts issued by the Chrysler Corporation for the year ended December 31, 1928, were presented to shareholders at the annual meeting in Detroit on April 16 Net profit for the year after provision for income taxes was 30,991,795 dollars over £6,000,000. Dividends declared totalled 11,747,306 dollars, leaving a -net addition to existing surpluses of 19,244,48S dollars. Total current assets at balancing were 110.510,602 dollars, of which 53,269,993 dollars was cash and marketable securities. Net working capital after deducting all current liabilities was 77,843,157 dollars. Goodwill stand on the books at 25,000,000 dollars, practically £5,000,0000. The report gives details of the acquisition of the business of Dodge Bros. A large sum was expended during the year in developing new Chrysler models, and in creating fresh lines. Export business showed continued expansion with a substantial increase over 1927. Over £3,000,000 was spent on new plant, machinery, and equipment. Additions included the establishment of a new factory at Walkerville, Canada. The accounts issued by the corporation are very complete, and furnish a quantity of interesting information _ concerning tho company's financial operations