WELLINGTON GAS.
FALL IN PROFIT LAST YEAR. Net earnings of the Wellington Gas Company, Limited, for 1939, were £1046 lower at £26,179. Besides the fixed preference dividend a final dividend of 4 per cent ie recommended on ordinary shares, making 8 per cent for the year, unchanged. Results in the past three yeare are:— 1937. 1938. 1939. Brought, forward . £17,727 £18,853 £19,547 Net proflt 27,661 27,225 26,179 £45,388 £46,080 £45,726 Dividends— Pref., r> p.c. .. . 4,228 4,228 4.228 Ord., 8 p.c. ... 22,305 22,305 22,305 Carried forward . f18,855 £19,547 £19,193 Padd capital remain* at £363,370, and the general reserve at £105,000. Fixed deposits are £11,000 higher at £98,800, while the amount owing to the bank has been reduced by £12,734 to £11,827. Sales of gas, etc., realised £285,068, against £261,523 in 1938. Manufacturing and administrative expenses totalled £202,684, compared with £190,260. Taxes and licensee took £40,323, against £26,157.
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Bibliographic details
Auckland Star, Volume LXXI, Issue 16, 19 January 1940, Page 4
Word Count
146WELLINGTON GAS. Auckland Star, Volume LXXI, Issue 16, 19 January 1940, Page 4
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