FEILDING GAS COMPANY.
The directors of the Feilding Gas Company, Limited, in their report for the year ending February 28, 1937, state that the net profit, after making provision for all necessary adjustments, is £185 14/10. The sales of gas and profit from by-products ehow a slight improvement, and the directors look forward to another increase in this direction for the ensuing year. During the year the directors caused a comprehensive report on the works to be obtained from a gas engineer, and consequent on this report extensive work was carried out at the works at considerable expense, this being met out of revenue. The directors are of the opinion that considerable benefit will accrue in the future from their action in this respect. Owing to the depletion of the cash resources of the company by the extensive replacements of plant it is not proposed to recommend the payment of any dividend in respect of the year's trading.
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Bibliographic details
Auckland Star, Volume LXVIII, Issue 103, 3 May 1937, Page 4
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158FEILDING GAS COMPANY. Auckland Star, Volume LXVIII, Issue 103, 3 May 1937, Page 4
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