SECONDARY INDUSTRIES.

Auckland Star, Volume LXIII, Issue 134, 8 June 1932, Page 7

SECONDARY INDUSTRIES.

—-— ■ ' -• ■» COMMUNITY BENEFITS. AID TO PUBLIC FINANCE. In his annual address to shareholders in Wilsons (N.Z.) Portland Cement Co. to-day, the chairman of directors, Sir Geo. Elliot, presented some striking figures to illustrate the general effect on the community of such, a company's operations. "Wilsons (N.Z.) Portland Cement Company," said Sir George, "is probably the most successful secondary industrial organisation in New Zealand, and because of its success, it has contributed largely to the well-being of the community. It may interest you to know to what extent ii has financially benefited the Government, local bodies, miners, employees and 'shareholders during the last ten years. It has paid:— N.Z. Government—land and income tax ■. £372,500 17 2 N.Z. Railways—for carriage of cement, limestone and coal 260,000 0 0 Local body rates. Harbour Board ivharfajres, etc . . 105,209 2 8 Coal 039,621 5 5 Waptes and salaries 975,814 C 10 Dividends to shareholders • 592,500 0 0 "The amount paid the railways by the company is only a small portion of the total, aa the bulk is paid by our distributors and clients at destination. "It will be seen from these figures that the payment for land and income tax, railway freight and local body rates has amounted to the sum of £737,718 during the past 10 years—a large amount for one company to have contributed to the public funds.

"Tliis remarkable achievement must surely appeal to every thoughtful citizen, whether he is connected with the company or not."