COMPANY AFFAIRS.

Auckland Star, Volume LXXII, Issue 88, 15 April 1941, Page 4

COMPANY AFFAIRS.

HUDDART PARKER'S YEAR.

PROFITS LOWER AT £153,507.

\i< reported briefly on March 17 lI'M-laiL Park.'i*. Ltd., sliiimir,: owners, "V r 1 * 1 . 1 "v *' for the • x ! - l '.i . Oc :!l .1 profit of ; t (li.rlii.lm,: ini!l • olioldeie' mloiols of i'ly.il, (I I. flUiiji.-ii-j.i with a ;-iin parable pi otit of .CIS:»,(H}4 m the vear bo:o:v.

1 lie art ii'in tli.' latest p:,

lia ' v .iva:l.iMn. thow that it >:n«'k -iir--r providing ' ..(.'.lin-i £54.01* in

£35,303 ior taxai

I lie l-roiit I.: tap parent -nmpany itself 'f.,.)' ir . ~ l""' -o' l . min.-m.fi with ~, ye u bei ore. Preference « ivi. mI, ..nr. !ul i : ihnaiy dividend or ]_ per i-.-nt i last yp.ir 14 prr cent) take in .all £ i'Jii. o,xi. leaving £43,290 to be earned turu aml against £58.030 brought

I hp ilirppfi.rs i t t.iat war conditions continue afly, ;>c,v aO'rot rlie company's business. (oif-tal shipping has been «üb.loct ;ii numerous delays from various eaumes, rcenlunc in reduced clfieicncv and earnings. Llir:.:ijiiout the year posts' were continuously rising and heavy increases vt pre granted in «;.<_vs, pai ticularly to crews of vesse's.

A strike of miners, which in March. 1!) W. held up coal )iroduction for nearly t.irep months. These conditions u civ nil <1 Minimi.il to r>'i:'.iinni:; n eatisl.n to: •. from shipping .operations. 1' i 1 Vn'i'p •j l ,'," '''v. - tU "••°Hduted MABILITIES. IMS. 1940 _. C £ Scsert-U 1 -?§?-«00 1.250.000 Pr?rtt adJUStmcnt 3T0.037 l- 370.037 IOSS 167 'ifiQ IRI :.(w Outside shareholders' equilv 413 529 432*959 Deposits M ,9 Creditors, cir. . 208.376 ISO 646 Inter-company adjustment 13.151 Total liabilities 4.058.026 4T018.544 ASSETS. Land, ships, plant, etc. 1.177.707 1 GO7 320 s! °- k ■ 1.281.935 1.301.011 investments 7fi4 71. PftQ Socks, store-, etc. •,7 ; >-'3 03 312 ncbtors. etc. .... -in;;;.? nf, 3 0 \i •ash. deposits 56 0(11 17?-; Inter-company -.d.Wr.tmcnt — 21'.«3b rotr.l assets 4.058.'JC5 4.018.544